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9609/12/M/J/22 · question 2 of 4 in this topic

Question 4

4(a)2 marks

Define the term 'price elasticity of demand'.

Your answer

Suggested time: 3 min

4(b)3 marks

Explain two benefits to a business of knowing the price elasticity of demand of its products.

Explain Give reasons, not just what happens. Each distinct reason is usually worth a mark.

Your answer

Suggested time: 5 min

9609/12/M/J/22Cambridge International AS & A Level Business 9609 · May/June 2022 · Paper 1 variant 2 · sit the whole paper