Cambridge IGCSE Economics
2.6.1-2.6.2Definition and calculation of PED
Definition and calculation of PED in Cambridge IGCSE Economics: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic20 practice questions1 lesson
Learning objectives
What the syllabus expects you to be able to do.
- 2.6.1Define price elasticity of demand.
- 2.6.2Calculate PED with the formula, interpret its value from perfectly inelastic to perfectly elastic, and draw demand curves showing different PED.
Lessons
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Price elasticity of demand: calculating and interpreting PED
30 min
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Sample question
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