Waec Model Questions Vol1 2024 Economics Question 16
Practice objective / multiple choice question 16 from the 2024 Waec Model Questions Vol1 Economics examination.
The price elasticity of demand for a certain good is -1.2. Initially the price is ₦200 and the quantity demanded is 5,000 units. If the price is raised to ₦220, what is the total revenue after the price change?
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About This Question
This is Waec Model Questions Vol1 2024 Economics Question 16. It is one of the objective questions from the 2024 Waec Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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