May/June 2026 Paper 13

2026 · 30 questions · 30 parts · 30 marks

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6Price Elasticity DemandMedium1 mark
The diagram shows the demand curve for a good.
demand curve D for a good sloping downwards, price ($) on the vertical axis marked 10 and 14 and quantity on the horizontal axis marked 80 and 100; dashed lines show that at a price of $14 the quantity demanded is 80 and at a price of $10 it is 100
What is the price elasticity of demand (PED) when the price rises from $10 to $14?