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Cambridge IGCSE Economics practice

Paper 2 structured question: Price elasticity of demand (PED)

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Price elasticity of demand (PED)

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Paper 2Structured Questions2 marks

A local bakery is analyzing its pricing strategy for pastries.

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Pricing Strategy for Pastries

The bakery wants to understand how price changes will affect sales of its pastries.

  1. a

    Discuss the importance of understanding price elasticity of demand for the bakery's pricing decisions.

    Aim for approximately 2 distinct marking points.

    [2]

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Paper 2 structured question: Price elasticity of demand (PED)

Paper 2Structured Questions2 marks

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Impact of Tax on Sugary Drinks

A tax on sugary drinks is expected to increase their prices, potentially affecting consumer demand.

  1. a

    Explain the likely impact of this tax on the demand for sugary drinks.

    Aim for approximately 2 distinct marking points.

    [2]