Gce Model Questions Vol1 2020 Economics Question 6
Practice objective / multiple choice question 6 from the 2020 Gce Model Questions Vol1 Economics examination.
The price of a good falls from £10 to £8 and the quantity demanded rises from 200 to 260 units. Assuming the demand curve is linear, calculate the price elasticity of demand at the midpoint using the midpoint formula. Give your answer to two decimal places.
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About This Question
This is Gce Model Questions Vol1 2020 Economics Question 6. It is one of the objective questions from the 2020 Gce Model Questions Vol1 Economics examination.
Difficulty level: Easy .
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