P 50
А
40
20
100 Q
Please enter your answers as numeric responses (ie. 1/3 or 3 not "One third" or "Three").
What is the slope of the demand curve on the graph above? 1/2
What is the Price Elasticity of Demand (PED) at Point A on the graph above? 4
If the price was to increase from $40 to $45 would revenue/expenditure go up or down as a result?
Simply type the word "Up" or "Down" into the text box.
UP on