If the quantity demanded of a commodity increases from 20 to 30 units where there is an increase in price from 4naira to 5 naira, the elasticity of demand is?

By: |Published on: May 25|Categories: Economics WAEC| 0 comments

A. 0.0
B. 1
C. 2
D. 5

Correct Answer: Option C

C. 2

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