If price of yams decreases from N15.00 per tuber to N13.50 and the quantity supplied...
ECONOMICS
JAMB 2016
If price of yams decreases from N15.00 per tuber to N13.50 and the quantity supplied decreases by 20%. What is the elasticity of supply?
- A. 2.00
- B. 0.50
- C. 1.50
- D. 1.00
Correct Answer: B. 0.50
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