A. 2.00
B. 0.50
C. 0.65
D. 2.50
Correct Answer: Option A
Explanation
e = ∆Qd/∆P x P/Qd
= 30 – 20/ 5 – 4 x 4/ 20
= 10/1 x 4/20
= 2
A. 2.00
B. 0.50
C. 0.65
D. 2.50
Correct Answer: Option A
Explanation
e = ∆Qd/∆P x P/Qd
= 30 – 20/ 5 – 4 x 4/ 20
= 10/1 x 4/20
= 2
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