What is the elasticity of demand for commodity X, if at a price of N25 the quantity demanded is 80 and when the price is reduced to N20 the quantity demanded is 100?

By: |Published on: Aug 3|Categories: Economics WAEC| 0 comments

A. 1.25
B. 1.45
C. 0.25
D. 0.15

Correct Answer:

Option A – 1.25

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