If price of a commodity rises from N2.00 to N4.00 and its supply increases from…

Economics WAEC 1996

If price of a commodity rises from N2.00 to N4.00 and its supply increases from 100 to 125, them the co-efficient of elasticity of supply is

  • 0.025
  • 0.24
  • 0.22
  • 0.25 checkmark
  • 0.23

The correct answer is: D

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