Categories: Economics JAMB

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?

A. Zero
B. 10
C. 2
D. 1

Correct Answer:

Option C = 2

Sunday

Share
Published by
Sunday
3 years ago

Recent Posts

POL 101 Theory Questions: Health Team

100 Level Department Of X-Ray Technicians exam questions and detailed answers. Download the answers in…

3 days ago

POL 101 Theory Questions: Factors Affecting Health in Nigeria

100 Level Department Of X-Ray Technicians exam questions and detailed answers. Download the answers in…

3 days ago

POL 101 Theory Questions: Primary Health Care Principles

100 Level Department Of X-Ray Technicians exam questions and detailed answers. Download the answers in…

3 days ago

POL 101 Theory Questions: Nigeria Healthcare Tiers

100 Level Department Of X-Ray Technicians exam questions and detailed answers. Download the answers in…

3 days ago

PHC 101 Theory Questions: Primary Health Care – Health According To WHO – Referral System

100 Level Department Of X-Ray Technicians exam questions and detailed answers. Download the answers in…

3 days ago

MSX 102 Theory Questions: Mores – Folk Laws – Social Stratification – Social Changes

100 Level Department Of X-Ray Technicians exam questions and detailed answers. Download the answers in…

3 days ago