If the quantity demanded of a commodity increases from 20 to 30 when there is an increase in price from N4 to N5; the elasticity of demand is? by Sunday | Mar 31 | Economics JAMB | 0 comments A. Zero B. 10 C. 2 D. 1 Correct Answer: Option C = 2 Users Also Read These:If the price of a ball point pen falls from N1.00 to…If a 10% rise in price causes a 5% decrease in the…If the quantity demanded of a commodity increases…When the quantity of a commodity supplied increases…If the quantity supplied of a commodity increases…