Gce Model Questions Vol1 2021 Economics Question 39
Practice objective / multiple choice question 39 from the 2021 Gce Model Questions Vol1 Economics examination.
When the price of a good rises from £10 to £12, the quantity demanded falls from 200 units to 180 units. Using the midpoint (arc) method, calculate the price elasticity of demand. State whether demand is elastic, inelastic or unit‑elastic.
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About This Question
This is Gce Model Questions Vol1 2021 Economics Question 39. It is one of the objective questions from the 2021 Gce Model Questions Vol1 Economics examination.
Difficulty level: Easy .
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