Waec Model Questions Vol1 2021 Economics Question 14
Practice objective / multiple choice question 14 from the 2021 Waec Model Questions Vol1 Economics examination.
The price of a good rises from ₦200 to ₦250 and the quantity demanded falls from 500 units to 400 units. Using the midpoint (arc) method, determine the price elasticity of demand and state whether demand is elastic, inelastic or unitary.
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About This Question
This is Waec Model Questions Vol1 2021 Economics Question 14. It is one of the objective questions from the 2021 Waec Model Questions Vol1 Economics examination.
Difficulty level: Easy .
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