Determine the price elasticity of demand if the price of yam tuber rises by 10% (0.1) and the quantity demanded falls by 5% (0.05)?

By: |Published on: Jan 17|Categories: Agricultural Science WAEC| 0 comments

A. 0.5
B. 0.4
C. 0.3
D. 0.1

Correct Answer: Option A

A. 0.5

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