Gce Model Questions Vol1 2025 Economics Question 32

Practice objective / multiple choice question 32 from the 2025 Gce Model Questions Vol1 Economics examination.

Gce Model Questions Vol1 2025 Economics Objective / Multiple Choice Easy Difficulty
Question 32 GCE_MODEL_QUESTIONS_VOL1 • 2025 • ECONOMICS • objective

A linear demand curve for a product is given by \(Q = 200 - 4P\). Compute the price elasticity of demand at the price \(P = 30\). Express your answer to two decimal places.

Answer Options

A. -1.20
B. -2.00
C. -0.80
Correct Answer D. -1.50
Correct Answer
D
Correct Option:
-1.50

About This Question

This is Gce Model Questions Vol1 2025 Economics Question 32. It is one of the objective questions from the 2025 Gce Model Questions Vol1 Economics examination.

Difficulty level: Easy .

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