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O-LevelEconomicsThe allocation of resources2281/12 · Oct/Nov 2017 · Q61 Mark

The table illustrates the demand and supply for coffee in a market in Africa. [Table 6.1] When the price rises from $20 to $30 per kg, what is the price elasticity of demand for coffee?

A0.2
B0.5
C2.0
D5.0

✓ Correct answer

B: 0.5

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About this question

Topic
The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, Oct/Nov 2017 Paper 1 Variant 2, question 6.

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