Waec Model Questions Vol1 2019 Economics Question 28

Practice objective / multiple choice question 28 from the 2019 Waec Model Questions Vol1 Economics examination.

Waec Model Questions Vol1 2019 Economics Objective / Multiple Choice Easy Difficulty
Question 28 WAEC_MODEL_QUESTIONS_VOL1 • 2019 • ECONOMICS • objective

The demand for a product is given by Q = 200 - 4P, where Q is quantity demanded and P is price (naira). Calculate the price elasticity of demand at a price of ₦30.

Answer Options

Correct Answer A. -1.5
B. -1.2
C. -2.0
D. 0.5
Correct Answer
A
Correct Option:
-1.5

About This Question

This is Waec Model Questions Vol1 2019 Economics Question 28. It is one of the objective questions from the 2019 Waec Model Questions Vol1 Economics examination.

Difficulty level: Easy .

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