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Question 0

Given that the elasticity of demand for a commodity is 2.5, the percentage change in the quantity demanded as a result of a 10 percent change in it price is?

  • A.0.25
  • B.0.40
  • C.4.00
  • D.25.00
  • E.
Objective

Question details

Exam body
JAMB
Subject
Economics
Year
1998
Question no.
#0
Type
Objective
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