If the quantity demanded of a commodity increases from 20 to 30 units where there
ECONOMICS
WAEC 2003
If the quantity demanded of a commodity increases from 20 to 30 units where there is an increase in price from 4naira to 5 naira, the elasticity of demand is
- A. 0.0
- B. 1
- C. 2
- D. 5
Correct Answer: C. 2
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