STPM Ekonomi 944 Practice Questions - Sijil Tinggi Persekolahan Malaysia (STPM) - Ekonomi (944) Exam

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When price rises from RM5 to RM6, quantity demanded falls from 200 to 180. Using the midpoint method, PED is approximately:

0.58 (inelastic) 1.00 (unit elastic) 1.75 (elastic) 0.20 (inelastic)

Correct Answer:

0.58 (inelastic)

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