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2.2 Demand

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Question 30

The price of a product rises by 10% and quantity demanded falls by 5%. Demand is

[1]
A

perfectly price elastic

B

price inelastic

C

unitary price elastic

D

price elastic

Markscheme

2.2 Demand Questions

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

82 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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