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CIPS A6 Exam - Topic 4 Question 87 Discussion

Actual exam question for CIPS's A6 exam
Question #: 87
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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Rikki
4 days ago
I recall a practice question about how consumers react to price changes, and I think inelastic demand was the focus there too. So, A might be right.
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Izetta
9 days ago
I'm not entirely sure, but I feel like it could also be D) Elastic since a large price change usually leads to a noticeable change in demand.
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Elsa
14 days 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.
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