What is the elasticity of demand for commodity X, if at a price of N25...
ECONOMICS
JAMB 1995
What is the elasticity of demand for commodity X, if at a price of N25 the quantity demanded is 80 and when the price is reduced to N20 the quantity demanded is 100?
- A. 1.25
- B. 1.45
- C. 0.25
- D. 0.15
Correct Answer: A. 1.25
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