Economics Department

PED Essays

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This week’s essay

(a) Explain carefully why different goods might have different PED

(10 marks)

(b) Is an increase in price the only way a firm can increase total revenue?

(10 marks)

Other essays

(a) Explain carefully what is meant by Price elasticity of demand

(10 marks)

(b) Discuss whether PED is likely to be useful to a decision taker

(10 marks)