Neco 2025 Economics Question 41

Practice objective / multiple choice question 41 from the 2025 Neco Economics examination.

Neco 2025 Economics Objective / Multiple Choice Easy Difficulty
Question 41 NECO • 2025 • ECONOMICS • objective

When the price of a good rises from \(200\) to \(250\) naira, the quantity demanded falls from \(500\) units to \(400\) units. Using the midpoint method, calculate the price elasticity of demand.

Answer Options

A. -2
Correct Answer B. -1
C. -0.8
D. -0.5
Correct Answer
B
Correct Option:
-1

About This Question

This is Neco 2025 Economics Question 41. It is one of the objective questions from the 2025 Neco Economics examination.

Difficulty level: Easy .

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