Waec Model Questions Vol1 2017 Economics Question 6
Practice objective / multiple choice question 6 from the 2017 Waec Model Questions Vol1 Economics examination.
The price of a commodity rises from ₦200 to ₦250 and its quantity demanded falls from 5,000 units to 4,200 units. Using the midpoint (arc) method, calculate the price elasticity of demand. State the elasticity to two decimal places.
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About This Question
This is Waec Model Questions Vol1 2017 Economics Question 6. It is one of the objective questions from the 2017 Waec Model Questions Vol1 Economics examination.
Difficulty level: Easy .
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