Waec 2024 Economics Question 8

Practice objective / multiple choice question 8 from the 2024 Waec Economics examination. This question covers Economics .

Waec 2024 Economics Objective / Multiple Choice 2 Difficulty
Topic: Economics
Question 8 WAEC • 2024 • ECONOMICS • objective

When total revenue increases as price falls, the coefficient of price elasticity of demand is A. greater than one. B. less than one. C. less than one. D. zero.

Answer Options

Correct Answer A. greater than one.
B. less than one.
C. less than one.
D. zero.
Correct Answer
A
Correct Option:
greater than one.

About This Question

This is Waec 2024 Economics Question 8. It is one of the objective questions from the 2024 Waec Economics examination.

The question covers Economics .

Difficulty level: 2 .

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