2022 · M/J · 9609/12 | Q4

0/12parts marked · 0 of 80 marks

Question (4 of 7)5 marks · Practise this topic →

Options

(a)Define the term 'price elasticity of demand'.

[2 marks]

(b)Explain two benefits to a business of knowing the price elasticity of demand of its products.

Answer guidance

Explain Give reasons, not just what happens. Each distinct reason is usually worth a mark.

[3 marks]

9609/12/M/J/22Cambridge International AS & A Level Business 9609 · May/June 2022 · Paper 1 variant 2 · Question 4