Question 0

Given an original price of N3.50 per kilogram of rice and a change in price of 1.40, and given the quantity purchase at the old price as 10kg and a change in the quality as 5kg after the price change, the elasticity is equal to?

  • A.10.20
  • B.3.57
  • C.1.25
  • D.0.80
  • E.
Objective

Question details

Exam body
JAMB
Subject
Economics
Year
1987
Question no.
#0
Type
Objective

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