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 income rises from N2000 to N4000 and quantity…What is the elasticity of demand for commodity X, if…When the price of commodity increases and the…When the quantity of a commodity supplied increases…Let the quantity demanded in units of a particular…