O-LevelEconomicsThe allocation of resources2281/12 · May/June 2023 · Q61 Mark

Which price elasticity of demand (PED) would cause an increase in total revenue if the price of the good increased?

Aperfectly elastic

Brelatively elastic

Crelatively inelastic

Dunitary elastic

✓ Correct answer

C: relatively inelastic

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Topic: The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2023 Paper 1 Variant 2, question 6.

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