economics A2 revenue question?
Any help on how to work out 1C? Also, and ideas for question 2?
thank you so much as i struggle with economics.![IMG_0739[1].JPG](https://www.thestudentroom.co.uk/attachment.php?attachmentid=299980)
thank you so much as i struggle with economics.
PeD = % change in Q/% change in P
For the second one, the country in whose prices have the highest PeD should be cut. You can use the above formula to assist you in working that out.
edit: Also this should be in the Study Help > Social Science and Social Care Academic Help > Economics (sub-section). I'll try and get this moved for you.
For the second one, the country in whose prices have the highest PeD should be cut. You can use the above formula to assist you in working that out.
edit: Also this should be in the Study Help > Social Science and Social Care Academic Help > Economics (sub-section). I'll try and get this moved for you.
(edited 9 years ago)
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