A-LevelEconomicsThe price system and the microeconomy9708/12 · May/June 2017 · Q81 Mark
The price elasticity of demand for a product is constant and equal to unity. Which curve in the diagram shows the relationship between total expenditure on the product and its price? [Figure 8.1]
This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.
A[Diagram option A]
B[Diagram option B]
C[Diagram option C]
D[Diagram option D]
✓ Correct answer
C: [Diagram option C]
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