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Question 22

If the price of a commodity rises from N2.00 to N2.50 and its supply increases from 100 to 120, then the coefficient of elasticity of supply is

  • A.0.25
  • B.0.8
  • C.2.5
  • D.1.25
Objective

Question details

Exam body
UNIBEN
Subject
General Paper
Year
2007/2008
Question no.
#22
Type
Objective
Previous · Q21The equilibrium price of a bag is N12, if for some reasons the price rises to… Next · Q23 The cross elasticity of demand for complementary goods is

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