Gce Model Questions Vol1 2025 Economics Question 20
Practice objective / multiple choice question 20 from the 2025 Gce Model Questions Vol1 Economics examination.
When the price of a product falls from £10 to £8, the quantity demanded rises from 200 units to 260 units. Using the midpoint (arc) method, calculate the price elasticity of demand over this range. Give your answer to two decimal places.
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This is Gce Model Questions Vol1 2025 Economics Question 20. It is one of the objective questions from the 2025 Gce Model Questions Vol1 Economics examination.
Difficulty level: Easy .
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