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? By: Sunday|Published on: Aug 3|Categories: Economics WAEC| 0 comments A. 1.25 B. 1.45 C. 0.25 D. 0.15 Correct Answer: Option A – 1.25 Users Also Read These:If the quantity demanded of a commodity increases…If a 10% rise in price causes a 5% decrease in the…If the quantity demanded of a commodity increases…When a change in price does not affect the quantity…If as a result of fall in price of the commodity X,…SEE ALSO Why would an individual increase his level of consumption during inflationary periods?