If price of a commodity rises from N2.00 to N4.00 and its supply increases from...
ECONOMICS
WAEC 1996
If price of a commodity rises from N2.00 to N4.00 and its supply increases from 100 to 125, them the co-efficient of elasticity of supply is
- A. 0.025
- B. 0.24
- C. 0.22
- D. 0.25
Correct Answer: D. 0.25
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *