CIPS Exam A6 Topic 4 Question 75 Discussion

Actual exam question for CIPS's A6 exam

Question #: 75
Topic #: 4

[All A6 Questions]

Which of the following relationships best describes a small change in demand as a result of a large change in price? (2 marks)

AInelastic

BExplicit

CImplicit

DElastic

Show Suggested Answer

Suggested Answer: A

by Trevor at May 01, 2025, 06:34 PM

Limited Time Offer

25%

Off

Get Premium A6 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Stanford

4 days ago

D seems reasonable, though I'm curious how they define 'small' and 'large' in this context. Precision is key!

upvoted 0 times

...

Lavera

11 days ago

Haha, the answer is definitely not C. Implicit? What is this, a mind-reading exam?

upvoted 0 times

...

Jerlene

15 days ago

I think Rene is right, elasticity is about the responsiveness of demand to price changes, so the answer should be D) Elastic.

upvoted 0 times

...

24 days ago

A for sure, inelastic demand means a small change in price leads to a small change in quantity demanded.

upvoted 0 times

Ruby

2 days ago

That's correct! Inelastic demand is when a small change in price leads to a small change in quantity demanded.

upvoted 0 times

...

Buddy

3 days ago

A) Inelastic

upvoted 0 times

...

Billy

28 days ago

I think the answer is A) Inelastic.

upvoted 0 times

...