Gce Model Questions Vol1 2023 Economics Question 39
Practice objective / multiple choice question 39 from the 2023 Gce Model Questions Vol1 Economics examination.
The price of wheat falls from £2.00 kg\(^{-1}\) to £1.60 kg\(^{-1}\) and the quantity demanded rises from 1 200 tonnes to 1 500 tonnes. Using the midpoint method, calculate the price elasticity of demand for wheat.
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About This Question
This is Gce Model Questions Vol1 2023 Economics Question 39. It is one of the objective questions from the 2023 Gce Model Questions Vol1 Economics examination.
Difficulty level: Easy .
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