If the quantity demanded of a commodity increases from 20 units to 30 units when
ECONOMICS
WAEC 2022
If the quantity demanded of a commodity increases from 20 units to 30 units when there is an increase in price from $4.00 to $5.00, the elasticity of demand is
- A. 2.00
- B. 0.50
- C. 0.65
- D. 2.50
Correct Answer: A. 2.00
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