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2.2 Demand

2.2 Demand

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Question 7

The demand curve for Product X is vertical. Which statement must be correct over the price range shown?

[1]
A

A price change causes a larger percentage change in quantity demanded

B

Demand has unitary price elasticity

C

The product has many close substitutes

D

Quantity demanded is unchanged when price changes

Markscheme

2.2 Demand Questions

  1. GCSE
  2. /Economics
  3. /2.2 Demand

41 exam-style questions on OCR GCSE Economics 2.2 Demand, covering 2.2.1 What is demand, 2.2.2 Draw a demand curve using data, 2.2.3 Explain a demand curve, 2.2.4 Shifts and movements of the demand curve, 2.2.5 Causes and consequences of demand changes, 2.2.6 Price elasticity of demand, 2.2.7 Draw demand curves of different elasticity, and 2.2.8 Importance of price elasticity of demand. Each one has a worked solution and a mark scheme showing where the marks go.

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