Neco 2019 Economics Question 20

Practice objective / multiple choice question 20 from the 2019 Neco Economics examination.

Neco 2019 Economics Objective / Multiple Choice Easy Difficulty
Question 20 NECO • 2019 • ECONOMICS • objective

The price of a good increases from ₦80 to ₦100, and the quantity demanded falls from 500 units to 400 units. Using the midpoint (arc) method, calculate the price elasticity of demand.

Answer Options

Correct Answer A. -1
B. -1.2
C. -2
D. -0.8
Correct Answer
A
Correct Option:
-1

About This Question

This is Neco 2019 Economics Question 20. It is one of the objective questions from the 2019 Neco Economics examination.

Difficulty level: Easy .

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