What is the elasticity of demand for commodity X, if at a price of N25…

Economics JAMB 1995

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?

  • 1.25 checkmark
  • 1.45
  • 0.25
  • 0.15

The correct answer is: A

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