Waec Model Questions Vol1 2025 Economics Question 36
Practice objective / multiple choice question 36 from the 2025 Waec Model Questions Vol1 Economics examination.
The price of a commodity rises from ₦200 to ₦250 per unit. As a result, total revenue falls from ₦10,000 to ₦9,600. Determine whether the price elasticity of demand for the commodity is elastic, inelastic or unitary.
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About This Question
This is Waec Model Questions Vol1 2025 Economics Question 36. It is one of the objective questions from the 2025 Waec Model Questions Vol1 Economics examination.
Difficulty level: Easy .
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