Statistics for AQA Economics AS - Price Elasticity of demand

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Hint	Answer	% Correct
A product is perfectly inelastic at a PED of what?	0	93%
If price elasticity of demand is greater than one then demand is...	Elastic	92%
If price elasticity of demand is between zero and one;demand is what?	Inelastic	89%
What would a perfectly inelastic demand curve look like?	Vertical	89%
What would a perfectly elastic demand curve look like?	Horizontal	86%
If price elasticity of demand equals one then demand is...	Unitary Elastic	52%
Which five factors determine price elasticity of demand?	Substitutability	50%
Generally, demand is more elastic in the '________'?	Long run	43%
How does a greater number of substitutes being available affect a goods elasticity?	Increases	27%
-	Time	23%
-	Whether it is a necessity or luxury	5%
-	Percentage of income	4%
-	Market width	1%