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Question 0

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?

  • A.1.25
  • B.1.45
  • C.0.25
  • D.0.15
  • E.
Objective

Question details

Exam body
JAMB
Subject
Economics
Year
1995
Question no.
#0
Type
Objective
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