Waec Model Questions Vol1 2018 Economics Question 50
Practice objective / multiple choice question 50 from the 2018 Waec Model Questions Vol1 Economics examination.
The price of a commodity rises from N100 to N120, and as a result the quantity demanded falls from 5,000 units to 4,250 units. Compute the price elasticity of demand over this range, giving your answer to two decimal places.
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About This Question
This is Waec Model Questions Vol1 2018 Economics Question 50. It is one of the objective questions from the 2018 Waec Model Questions Vol1 Economics examination.
Difficulty level: Easy .
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