A product has a price elasticity of demand that is greater than one. What will happen to total revenue if the price of the product is reduced by 3%?

0455_m17_qp_12

MCQ

2017

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The table shows the demand for chocolates at two different prices. price $ quantity demanded 0.50 0.45 What is the price elasticity of demand when the price falls from $0.50 to $0.45?

0455_m18_qp_12

MCQ

2018

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A government places an indirect tax on a good which has price-elastic demand. What is the result?

0455_m23_qp_12

MCQ

2023

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A firm is considering doubling the price of its product. Which price elasticity of demand (PED) for its product would give it the greatest increase in revenue?

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MCQ

2024

Paper 1, Variant 2

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The table shows the demand for chocolates at two different prices. price $ quantity demanded 0.50 0.45 What is the price elasticity of demand when the price falls from $0.50 to $0.45?

0455_s12_qp_12

MCQ

2012

Paper 1, Variant 2

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The table shows the demand for chocolates at two different prices. price $ quantity demanded 0.50 0.45 What is the price elasticity of demand when the price falls from $0.50 to $0.45?

0455_s12_qp_13

MCQ

2012

Paper 1, Variant 3

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When the price of shirts rises from $8 to $10, the demand for shirts falls from 1000 to 500. What is the price elasticity of demand for shirts?

0455_s13_qp_11

MCQ

2013

Paper 1, Variant 1

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When the price of shirts rises from $8 to $10, the demand for shirts falls from 1000 to 500. What is the price elasticity of demand for shirts?

0455_s13_qp_13

MCQ

2013

Paper 1, Variant 3

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A football club raises all stadium seat prices by 5%. The stadium is divided into four zones. The demand for seats falls by 1% in zone W, by 3% in zone X, by 5% in zone Y and by 6% in zone Z. In which zone is the responsiveness of demand for seats to the price change elastic?

0455_s17_qp_11

MCQ

2017

Paper 1, Variant 1

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What is included in the calculation of a consumer prices index (CP?

0455_s18_qp_11

MCQ

2018

Paper 1, Variant 1

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