Post Utme Lasu 2017 Economics Question 6

Practice objective / multiple choice question 6 from the 2017 Post Utme Lasu Economics examination.

Post Utme Lasu 2017 Economics Objective / Multiple Choice
Question 6 POST_UTME_LASU • 2017 • ECONOMICS • objective

The following table shows the relationship between the price of a commodity and its quantity demanded. U\sing the midpoint method, calculate the price elasticity of demand for the commodity when the price is ₦120.

Answer Options

Correct Answer A. 0.5
B. 1.2
C. 2.5
D. 3.8
Correct Answer
A
Correct Option:
0.5

About This Question

This is Post Utme Lasu 2017 Economics Question 6. It is one of the objective questions from the 2017 Post Utme Lasu Economics examination.

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