Discuss CIPS A6 Exam Topic 4 Question 89

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

Suggested Answer: A

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23 comments · newest first

Ricki 1 month ago

Same here! Inelastic is the best choice for this scenario.

Ruthann 1 month ago

I feel confident about A) Inelastic. It fits the question perfectly.

Carri 1 month ago

Not really, Tommy. Elastic means demand changes a lot with price.

Joanna 2 months ago

But what about D) Elastic? That could work too, right?

Candida 2 months ago

I agree, A) Inelastic makes sense. It shows how some products are necessities.

Donette 2 months ago

I think it's A) Inelastic. Price changes a lot, but demand barely shifts.

Gail 2 months ago

I guess we’ll find out soon!

Johna 2 months ago

I see your point. Inelastic does sound right.

Vallie 2 months ago

Exactly! Price goes up, demand barely shifts.

Flo 3 months ago

True, but inelastic fits better for small demand changes.

Gail 3 months ago

But isn't that more about big demand shifts?

Johna 3 months ago

I’m leaning towards D) Elastic. Large price change, right?

Vallie 3 months ago

Yeah, that makes sense. Small change in demand.

Flo 3 months ago

I think it's A) Inelastic.

Nichelle 4 months ago

I’m not so sure about that, feels like it could be Elastic too.

Aleta 4 months ago

Totally agree with Inelastic!

Rashida 4 months ago

Wait, how can a small change in demand happen with a big price change?

Corrinne 4 months ago

I think it's actually D) Elastic.

Kenneth 4 months ago

A) Inelastic is the right choice!

Cathrine 4 months ago

I remember discussing explicit and implicit relationships in class, but I don't think they apply here. This seems more about demand elasticity.

Colette 6 months 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.

Amina 6 months 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.

Tracey 6 months 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.

CIPS A6 Exam - Topic 4 Question 89 Discussion