Waec Model Questions Vol1 2022 Economics Question 28
Practice objective / multiple choice question 28 from the 2022 Waec Model Questions Vol1 Economics examination.
The market demand for a product is linear and passes through the points (P=₦200, Q=500) and (P=₦150, Q=800). (i) Compute the price elasticity of demand at a price of ₦180. (ii) If the price is raised to ₦190, estimate the change in total revenue (in Naira).
Answer Options
About This Question
This is Waec Model Questions Vol1 2022 Economics Question 28. It is one of the objective questions from the 2022 Waec Model Questions Vol1 Economics examination.
Difficulty level: Medium .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.