What is the price elasticity of demand of the commodity from the demand schedule above?

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Agricultural Science WAEC 2018

Price

(N)

Quantity demanded

(kg)
12 200
8 240

 

What is the price elasticity of demand of the commodity from the demand schedule above?

  • 0.3
  • 0.4
  • 0.5
  • 0.6 checkmark

The correct answer is: D

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