New Year Sale 2026! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions

CIPS A6 Exam - Topic 2 Question 83 Discussion

Actual exam question for CIPS's A6 exam
Question #: 83
Topic #: 2
[All A6 Questions]

Which of the following relationships best describes a small change in demand as a result of a large change in price? (2 marks)

Show Suggested Answer Hide Answer
Suggested Answer: A

Contribute your Thoughts:

0/2000 characters
Jess
17 hours ago
I think it's actually D) Elastic.
upvoted 0 times
...
Cordie
6 days ago
A) Inelastic is the right choice!
upvoted 0 times
...
Noel
11 days ago
A) Inelastic, because that's the only answer that doesn't sound like a made-up word. Economics, am I right?
upvoted 0 times
...
Goldie
16 days ago
Inelastic, elastic, implicit, explicit - it's all Greek to me! I'll just guess and hope for the best.
upvoted 0 times
...
Deeann
21 days ago
B) Explicit is the obvious choice. No need to beat around the bush, just lay it all out there.
upvoted 0 times
...
Daniel
27 days ago
C) Implicit is the way to go. It's like the price change is a secret message, and the demand is the decoder ring.
upvoted 0 times
...
Dominga
1 month ago
D) Elastic is the way to go. Who needs a small change in demand when you can have a big one?
upvoted 0 times
...
Shantell
1 month ago
I’m confused about B) Explicit and C) Implicit; I don’t think they relate to demand and price changes, but I can't remember exactly how they fit in.
upvoted 0 times
...
Evangelina
1 month ago
I recall a practice question where we discussed how inelastic demand means a small change in quantity for a big price change, so A) Inelastic seems right.
upvoted 0 times
...
Delila
2 months ago
I think the answer might be A) Inelastic because I remember that inelastic demand means that price changes don't significantly affect the quantity demanded.
upvoted 0 times
...
Lashawnda
2 months ago
I'm pretty confident about this one. Inelastic demand is when consumers don't respond much to price changes, so a small change in demand with a large price change is the definition of inelastic. I'll mark A.
upvoted 0 times
...
Janna
2 months ago
This seems straightforward. If demand is inelastic, that means quantity demanded doesn't change much even with large price changes. So A has to be the right answer.
upvoted 0 times
...
Quentin
2 months ago
Okay, I've got this. Inelastic demand means a small change in price leads to a small change in quantity demanded. So that's the relationship they're looking for here. I'll go with A.
upvoted 0 times
...
Taryn
2 months ago
A) Inelastic is the correct answer. The question is asking about the relationship between a small change in demand and a large change in price.
upvoted 0 times
...
Misty
3 months ago
I feel A) Inelastic is right too. Think about gas prices; we still buy it.
upvoted 0 times
...
Precious
3 months ago
I'm not entirely sure, but I feel like D) Elastic could also be a contender since it relates to how sensitive demand is to price changes.
upvoted 0 times
...
Dierdre
3 months ago
Hmm, I'm a bit confused. I know elastic and inelastic demand have to do with how responsive demand is to price changes, but I'm not sure which one fits this "small change in demand, large change in price" scenario.
upvoted 0 times
...
Jaime
3 months ago
I think this is asking about price elasticity of demand. I'll need to remember the definitions for inelastic and elastic demand to choose the right answer.
upvoted 0 times
Cristal
2 months ago
I agree, it's definitely about price elasticity.
upvoted 0 times
...
...

Save Cancel