Any help on how to work out 1C? Also, and ideas for question 2?
thank you so much as i struggle with economics.
economics A2 revenue question? Watch
- Thread Starter
- 05-07-2014 22:17
- 05-07-2014 23:31
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.Last edited by gr8wizard10; 05-07-2014 at 23:36.