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Question 13

If at #50 per kg, 1000kg of yam were purchased and at #30 per kg, 1500kg were purchased, the resultant point elasticity of demand is

  • A.2
  • B.1.25
  • C.0.00125
  • D.1000
Objective

Question details

Exam body
FUTA
Subject
Economics
Year
2010/2011
Question no.
#13
Type
Objective
Previous · Q12One of the fundamental between a capitalist and a socialist economy is that… Next · Q14 If as the price of a commodity rises, the quantity demanded of the commodity…

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