Showing posts with label 2013 May PED Papar 3 HL. Show all posts
Showing posts with label 2013 May PED Papar 3 HL. Show all posts

Wednesday, July 8, 2020

2013 May (PED) Paper 3 HL

2013 May (PED) Paper 3 HL


If demand is price inelastic the resulting decrease in Qd will be proportionally smaller than the increase in price. Therefore the government’s attempt to discourage the consumption of a product will be less effective.