Question 46

Which of the following can be used to calculate the price elasticity of demand?

  • A.\(\frac{\text{percentage change in quality demand}}{\text{percentage change in price}}\)
  • B.\(\frac{\text{percentage change in price}}{\text{percentage change inquantity demand}}\)
  • C.\(\frac{\text{percentage change in quality demand}}{\text{percentage change in income}}\)
  • D.\(\frac{\text{percentage change in income}}{\text{percentage change in quantity demand}}\)
Objective

Question details

Exam body
WAEC
Subject
Economics
Year
2013
Question no.
#46
Type
Objective

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