Example: marketing

Exemplar Candidate Work ECONOMICS

£20 then they estimate a price elasticity of demand of -0.2. Explain to Kasia and Ben what this estimate of price elasticity of demand means. [2] Commentary on the answer Doesn’t address the question - needs to make reference to the -0.2 ie the inelastic nature of the demand. 0 marks

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  Demand, Recip, Elasticity, Price elasticity of demand

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