When a kilogram of carrot is #8.00, 20 kilograms are demanded and when the price
ECONOMICS
JAMB 2023
When a kilogram of carrot is #8.00, 20 kilograms are demanded and when the price decreased to #6.000 per kilogram, 30 kilograms are demanded. The elasticity of demand equals to
- A. 11
- B. 12
- C. 1/2
- D. 2
Correct Answer: D. 2
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