Waec Model Questions Vol1 2017 Economics Question 42

Practice objective / multiple choice question 42 from the 2017 Waec Model Questions Vol1 Economics examination.

Waec Model Questions Vol1 2017 Economics Objective / Multiple Choice Easy Difficulty

Question 42 WAEC_MODEL_QUESTIONS_VOL1 • 2017 • ECONOMICS • objective

The price of a commodity rises from ₦200 to ₦250 and the quantity demanded falls from 500 units to 400 units. Using the midpoint (arc) method, calculate the price elasticity of demand.

Answer Options

A. -0.8

B. -1.25

C. 1

Correct Answer D. -1

Correct Answer

Correct Option:

-1

About This Question

This is Waec Model Questions Vol1 2017 Economics Question 42. It is one of the objective questions from the 2017 Waec Model Questions Vol1 Economics examination.

Difficulty level: Easy .

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