If the price of a ball point pen falls from N1.00 to NO.60 and the quantity demanded increases from 200 to 300; the point elasticity of demand is equal to? by Sunday | Oct 18 | Economics JAMB | 0 comments A. 0.50 B. 0.40 C. 1.25 D. 0.80 Correct Answer: Option A – 0.50 Users Also Read These:If the quantity demanded of a commodity increases…If a 20% rise in the price of Whiskey leads to a 30%…A total of 12000kg of maize was demanded at N20 per…If the price of an item increases by 8% while the…Determine the price elasticity of demand if the…