Economics JAMB

From the table below; the elasticity of supply is _____?
From the table below; the elasticity of supply is _____?From the table below; the elasticity of supply is _____?
Price(N) 20 16
Quantity demanded 100 58

 

A. Inelastic supply
B. Perfectly elastic
C. Elastic supply
D. Unitary elastic

Correct Answer:

Option C – Elastic supply

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4 years ago

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