0455.2.7.3 — determinants of PED The key influences on whether demand is elastic or inelastic.: past paper questions
Real questions on 0455.2.7.3 — determinants of ped the key influences on whether demand is elastic or inelastic.
The newest 11 of 11 written questions. Open one to see it on the real paper.
- 0455/22 · May/June 2026 · Q5c[6]
Analyse how a firm could make demand for its products more price-inelastic.
See it on the paper → - 0455/22 · October/November 2025 · Q2c[6]
Analyse how price elasticity of demand can influence a firm’s pricing decisions.
See it on the paper → - 0455/11 · May/June 2024 · Q7[1]
Which combination of price change and price elasticity of demand would have caused this?
See it on the paper → - 0455/22 · February/March 2024 · Q1d[4]
Explain two reasons why the supply of ships is price-inelastic.
See it on the paper → - 0455/22 · February/March 2024 · Q4c[6]
Analyse the reasons why the price elasticity of demand for one brand of luxury chocolates is likely to be different from that of salt.
See it on the paper → - 0455/22 · February/March 2023 · Q5a[2]
Identify two determinants of price elasticity of demand.
See it on the paper → - 0455/23 · October/November 2022 · Q4a[2]
Identify two determinants of price elasticity of demand.
See it on the paper → - 0455/22 · February/March 2022 · Q1b[2]
Identify two reasons why demand for holidays in Bermuda may be price-elastic.
See it on the paper → - 0455/22 · May/June 2021 · Q1c[2]
Explain one reason why demand for cherries is price-elastic.
See it on the paper → - 0455/22 · October/November 2020 · Q4d[8]
whether or not demand for cars will become more price-elastic in the future.
See it on the paper → - 0455/22 · May/June 2020 · Q2b[4]
two influences on whether demand for a product is price-elastic or price-inelastic.
See it on the paper →
What examiners said
This was reasonably well-answered. However, some candidates explained what is meant by price elasticity of demand rather than identifying two determinants of price elasticity of demand. A few gave determinants of price elasticity of supply.
— Examiner report, February/March 2023, 0455/22 Q5(a) (Cambridge)
This was poorly answered for a number of reasons. Some simply explained what price elasticity was rather than what determined it. A common error was to refer to changes in demand and price or to give examples of what affected the elasticity of supply e.g. time. Quite a few others stated ‘wants’ and ‘needs’, which is too vague. Good answers often mentioned determinants, such as goods which were add...
— Examiner report, October/November 2022, 0455/23 Q4(a) (Cambridge)
This question could be answered briefly by identifying two reasons from the source why demand for holidays in Bermuda may be price-elastic. Some candidates, however, identified one or two reasons that were not based on the evidence provided.
— Examiner report, February/March 2022, 0455/22 Q1(b) (Cambridge)
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