Gce Model Questions Vol1 2024 Economics Question 20
Practice objective / multiple choice question 20 from the 2024 Gce Model Questions Vol1 Economics examination.
The price of a good falls from \(₦120\) to \(₦90\) and quantity demanded rises from \(500\) units to \(650\) units. Using the midpoint method, calculate the price elasticity of demand (give your answer to two decimal places).
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About This Question
This is Gce Model Questions Vol1 2024 Economics Question 20. It is one of the objective questions from the 2024 Gce Model Questions Vol1 Economics examination.
Difficulty level: Easy .
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