The table below illustrates the supply schedule of maize. Use it to answer this question….

Agricultural Science WAEC 2021

The table below illustrates the supply schedule of maize. Use it to answer this question.

                    PRICE(#)      QUANTITY SUPPLIED(kg)
                       24                    480
                       16                    400 

Determine the elasticity of supply for maize 

  • 0.3
  • 0.4 checkmark
  • 0.5
  • 0.6

The correct answer is: B

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