Gce Model Questions Vol1 2022 Economics Question 50
Practice objective / multiple choice question 50 from the 2022 Gce Model Questions Vol1 Economics examination.
Using the midpoint method, calculate the price elasticity of demand when the price of a good rises from \(\text{₦}10\) to \(\text{₦}12\) and the quantity demanded falls from 200 units to 150 units. State whether demand is elastic, inelastic, or unit elastic.
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This is Gce Model Questions Vol1 2022 Economics Question 50. It is one of the objective questions from the 2022 Gce Model Questions Vol1 Economics examination.
Difficulty level: Easy .
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