Cambridge IGCSE Economics practice
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At a glance
MCQ
Type
cambridge_mcq
Style
Topic
Price elasticity of demand (PED)
Exam-style question
What does a price elasticity of demand greater than 1 indicate?.
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Flashcard 1 of 6
Question 1 of 5
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Description
A tax on sugary drinks is expected to increase their prices, potentially affecting consumer demand.
Explain the likely impact of this tax on the demand for sugary drinks.
Aim for approximately 2 distinct marking points.