CIPS Exam A6 Topic 4 Question 75 Discussion

Actual exam question for CIPS's A6 exam

Question #: 75
Topic #: 4

[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)

AInelastic

BExplicit

CImplicit

DElastic

Show Suggested Answer

Suggested Answer: A

by Trevor at May 01, 2025, 06:34 PM

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Stanford

2 days ago

D seems reasonable, though I'm curious how they define 'small' and 'large' in this context. Precision is key!

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Lavera

9 days ago

Haha, the answer is definitely not C. Implicit? What is this, a mind-reading exam?

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Jerlene

13 days ago

I think Rene is right, elasticity is about the responsiveness of demand to price changes, so the answer should be D) Elastic.

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Katie

14 days ago

I'm going with B. Explicit is where the relationship is clearly stated, right? Hmm, maybe not...

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Rene

16 days ago

I'm not sure, but I think it might be D) Elastic, because elasticity is about how much demand changes with price.

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Tonette

21 days ago

I agree with Billy, because inelastic means a small change in demand for a large change in price.

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Ashton

21 days ago

D is the correct answer. Elastic demand means a large change in price results in a small change in quantity demanded.

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Laurel

22 days ago

A for sure, inelastic demand means a small change in price leads to a small change in quantity demanded.

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Buddy

14 hours ago

A) Inelastic

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Billy

26 days ago

I think the answer is A) Inelastic.

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