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  • Multiple Choice Questions (7 Marks)

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    Yasmin Abdul Wahab
    30 views3 pages
    This document contains multiple choice and structured questions about economics concepts. It asks 7 multiple choice questions and has 2 structured questions, the first asking to explain price elasticity of demand and the second asking why the concept of price elasticity of demand could be useful to businesses.

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    PED test - O1 Eco

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    This document contains multiple choice and structured questions about economics concepts. It asks 7 multiple choice questions and has 2 structured questions, the first asking to explain price elasticity of demand and the second asking why the concept of price elasticity of demand could be useful to businesses.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
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    Download as doc, pdf, or txt
    30 views3 pages

    Multiple Choice Questions (7 Marks)

    Uploaded by

    Yasmin Abdul Wahab
    This document contains multiple choice and structured questions about economics concepts. It asks 7 multiple choice questions and has 2 structured questions, the first asking to explain price elasticity of demand and the second asking why the concept of price elasticity of demand could be useful to businesses.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as doc, pdf, or txt
    of 3

    Multiple Choice Questions (7 marks)

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    7.

    Structured Questions (8 marks) Q1. Explain what is meant by price elasticity of demand. (4) Q2. Why is the concept of price elasticity of demand potentially very useful to a business or producer? (4)

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