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    6 views1 page

    Grade 11 Economics Students Holiday Questions

    Uploaded by

    Taze Utoro

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    STARLET ACADEMY

    PORT-HARCOURT, RIVERS STATE – NIGERIA


    (GOVERNMENT APPROVED)
    (CHARACTER FIRST)

    Grade 11 Economics

    1a. Explain the term price control.

    b. Use diagrammatic illustration to explain the two types of price control measures established by the

    government.

    c. What is the aim of setting price control measures?

    2. Q = 75 – 5P

    Where Q is the quantity demanded of a commodity and P is the price of the commodity.

    Find the price elasticity of demand for the equation if the price P is ₦3

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