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Question 20

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

  • A.0.25
  • B.0.40
  • C.4
  • D.25
Objective

Question details

Exam body
RSUT
Subject
Economics
Year
2009/2010
Question no.
#20
Type
Objective
Previous · Q19If an increase in the price of a commodity leads to an increase in total…

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