Africa Exams
Where Preparation Meets Success
Home
Botswana
Botswana PSLE Papers
Botswana JCE Papers
Botswana BGCSE Papers
Ghana
Ghana BECE Exams
Kenya
Kenya KCPE Papers
Kenya KCSE Papers
Kenya KASNEB Papers
Nigeria
WAEC Exams
JAMB Exams
Rwanda
Rwanda Primary Papers
Rwanda Secondary Papers
Uganda
Uganda PLE Papers
Uganda UCE Papers
Uganda UACE Papers
Certifications
Technical
Cloud Tech Certifications
Security Tech Certifications
Management
IT Infrastructure
More
About
Contact Us
Our Apps
Privacy
+
-
Test Index
WAEC Economics 2013 Paper
Show Para
Hide Para
Share question:
© africaexams.com
Question : 46
Total: 46
Which of the following can be used to calculate the price elasticity of demand?
percentage change in quatity demand
percentage change in price
\frac{\text{percentage change in quatity demand}}{\text{percentage change in price}}
percentage change in price
percentage change in quatity demand
percentage change in price
percentage change inquantity demand
\frac{\text{percentage change in price}}{\text{percentage change inquantity demand}}
percentage change inquantity demand
percentage change in price
percentage change in quality demand
percentage change in income
\frac{\text{percentage change in quality demand}}{\text{percentage change in income}}
percentage change in income
percentage change in quality demand
percentage change in income
percentage change in quantity demand
\frac{\text{percentage change in income}}{\text{percentage change in quantity demand}}
percentage change in quantity demand
percentage change in income
Validate
Solution:
The price elasticity of demand is calculated as the;
percentage change in quantity demanded
percentage change in price
© africaexams.com
Go to Question:
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
Prev Question
