Deal of The Day! 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 4 Question 89 Discussion

Which of the following relationships best describes a small change in demand as a result of a large change in price? (2 marks)
A) Inelastic
B) Explicit
C) Implicit
D) Elastic

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)

Show Suggested Answer Hide Answer
Suggested Answer: A

Contribute your Thoughts:

0/2000 characters
Rashida
8 hours ago
Wait, how can a small change in demand happen with a big price change?
upvoted 0 times
...
Corrinne
6 days ago
I think it's actually D) Elastic.
upvoted 0 times
...
Kenneth
11 days ago
A) Inelastic is the right choice!
upvoted 0 times
...
Cathrine
16 days ago
I remember discussing explicit and implicit relationships in class, but I don't think they apply here. This seems more about demand elasticity.
upvoted 0 times
...
Colette
2 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.
upvoted 0 times
...
Amina
2 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.
upvoted 0 times
...
Tracey
2 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.
upvoted 0 times
...

Save Cancel