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ZIMSEC O-Level Economics

6.5.3.1Price elasticity of demand

Price elasticity of demand in ZIMSEC O-Level Economics: what the syllabus expects you to know, the learning objectives and how to practise.
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Learning objectives

What the syllabus expects you to be able to do.

  1. 6.5.3.1.1Form 4: explain and calculate price elasticity of demand, interpret its value and illustrate the degrees of elasticity.

Lessons

  • Price elasticity of demand: calculating and interpreting PED

    30 min

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Sample question

A sample question on this topic. Answer it, check it, then read the worked answer.

Price elasticity of demand: sample question

1 mark

The PED for a good is −0.3. Demand for the good is

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