Waec 2022 Economics Question 9

Practice objective / multiple choice question 9 from the 2022 Waec Economics examination. This question covers Economics .

Waec 2022 Economics Objective / Multiple Choice 2 Difficulty
Topic: Economics
Question 9 WAEC • 2022 • ECONOMICS • objective

If the quantity demanded of a commodity increases from 20 units to 30 units when there is an increase in price from $4.00 to $5.00, the elasticity of demand is A. 0.50; B. 0.65; C. 2.00; D. 2.50.

Answer Options

A. 0.50
B. 0.65
Correct Answer C. 2.00
D. 2.50
Correct Answer
C
Correct Option:
2.00

About This Question

This is Waec 2022 Economics Question 9. It is one of the objective questions from the 2022 Waec Economics examination.

The question covers Economics .

Difficulty level: 2 .

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