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EnglandEconomicsQuick questions
3.1 How markets work
Quick questions on Price elasticity - AQA GCSE Economics
2short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is q1?Show answer
A good has a of . Is demand elastic or inelastic? [1 mark]
What is q2?Show answer
Explain why demand for petrol tends to be price inelastic. [3 marks]
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