Economics Past Questions and Answers

Demanded
8	10
6	12

If we move from 8 to 6, the elasticity of demand is_______

If the demand for a commodity is perfectly elastic, the incidence of a tax on that commodity will be, other things being equal, entirely on the_______

Price(₦)	Quantity Demanded
8	10
6	12

If we move from 8 to 6, the elasticity of demand is_______

If the price of a ball point pen falls from N1.00 to No.60 and the quantity demanded increases. from 200 to 300, the point elasticity of demand is equal to____________

If the price elasticity of demand for a good is 0.43 an increase in the price of the good will result in____________