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CIPS A6 Exam - Topic 4 Question 89 Discussion

Actual exam question for CIPS's A6 exam
Question #: 89
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)

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Suggested Answer: A

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Colette
17 days ago
I practiced a similar question where a small change in demand was linked to a large price change, and I think it was about inelastic demand. So, I’m leaning towards A) Inelastic.
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Amina
22 days ago
I'm not entirely sure, but I feel like D) Elastic could also be a possibility since it relates to how sensitive demand is to price changes.
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Tracey
27 days ago
I think the answer might be A) Inelastic because I remember that inelastic demand means quantity demanded doesn't change much with price changes.
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