DP Economics Questionbank
Price elasticity of demand (PED)
| Path: |
Description
[N/A]Directly related questions
-
20N.1.HL.TZ0.1a:
Explain how knowledge of price elasticity of demand could be used by a firm that is considering changing the price of its product.
-
21M.1.SL.TZ2.1a:
Explain why the price elasticity of demand for primary commodities is often relatively low while the price elasticity of demand for manufactured goods is often relatively high.
-
21M.1.SL.TZ2.1b:
Discuss the importance of price elasticity of demand and cross price elasticity of demand for a firm’s decision making.
-
17M.3.HL.TZ0.01e:
Calculate the price elasticity of demand when price falls from $10 to $8.
-
17M.2.HL.TZ0.02b:
Using a definition of price elasticity of demand, explain why “the revenues received by the nation’s biggest exporters continue to fall” (paragraph 5).
- 18M.1.SL.TZ2.1a: Explain how the price elasticity of demand for a good might be affected by the number and...
-
18M.3.HL.TZ0.1g:
Explain two determinants of the price elasticity of demand (PED).
- 18M.3.HL.TZ0.1f: The demand for widgets is considered to be unit elastic at the current price. Outline the...
-
18M.1.SL.TZ2.1b:
Examine the significance of price elasticity of demand for the decision making of firms and government.
-
18M.3.HL.TZ0.1i:
State the value of the price elasticity of supply (PES) for tickets to the 2018 Football World Cup final.
-
19M.1.HL.TZ1.2a:
Explain why price elasticity of demand varies along the length of a straight-line demand curve.
-
19M.1.HL.TZ1.2b:
Examine the significance of price elasticity of demand for the decision-making of firms and governments.
-
19N.1.HL.TZ0.1b:
Discuss the significance of price elasticity of demand (PED) for a government imposing an indirect tax on a good.
- 19N.1.SL.TZ0.1a: Explain two reasons why the demand for manufactured goods might be price elastic.
- 19N.1.HL.TZ0.1a: Explain two reasons why the demand for primary commodities might be price inelastic.
Sub sections and their related questions
Price elasticity of demand and its determinants
-
17M.3.HL.TZ0.01e:
Calculate the price elasticity of demand when price falls from $10 to $8.
- 18M.1.SL.TZ2.1a: Explain how the price elasticity of demand for a good might be affected by the number and...
- 18M.3.HL.TZ0.1f: The demand for widgets is considered to be unit elastic at the current price. Outline the...
-
18M.3.HL.TZ0.1g:
Explain two determinants of the price elasticity of demand (PED).
-
18M.3.HL.TZ0.1i:
State the value of the price elasticity of supply (PES) for tickets to the 2018 Football World Cup final.
-
19M.1.HL.TZ1.2a:
Explain why price elasticity of demand varies along the length of a straight-line demand curve.
Applications of price elasticity of demand
-
17M.2.HL.TZ0.02b:
Using a definition of price elasticity of demand, explain why “the revenues received by the nation’s biggest exporters continue to fall” (paragraph 5).
-
18M.1.SL.TZ2.1b:
Examine the significance of price elasticity of demand for the decision making of firms and government.
-
19M.1.HL.TZ1.2b:
Examine the significance of price elasticity of demand for the decision-making of firms and governments.
- 19N.1.SL.TZ0.1a: Explain two reasons why the demand for manufactured goods might be price elastic.
- 19N.1.HL.TZ0.1a: Explain two reasons why the demand for primary commodities might be price inelastic.
-
19N.1.HL.TZ0.1b:
Discuss the significance of price elasticity of demand (PED) for a government imposing an indirect tax on a good.
-
20N.1.HL.TZ0.1a:
Explain how knowledge of price elasticity of demand could be used by a firm that is considering changing the price of its product.
-
21M.1.SL.TZ2.1a:
Explain why the price elasticity of demand for primary commodities is often relatively low while the price elasticity of demand for manufactured goods is often relatively high.
-
21M.1.SL.TZ2.1b:
Discuss the importance of price elasticity of demand and cross price elasticity of demand for a firm’s decision making.
