A. 0.80
B. 1.25
C. 2.00
D. 10.00
Correct Answer:
Option B – 1.25
If the price of an item changes by 8% and quantity supplied changes from 600 units to 660 units; the price elasticity of supply is?
Products
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Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.
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Co-Ownership Structures and Land Acquisition Methods in Nigeria
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Rights in Community Land and Fundamental Land Concepts in Nigeria
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Customary Land Control and the Origins of Nigeria's Land Use Act
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.
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Land Ownership Principles and Transaction Laws in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.