Question 16
If at 20k per kg, 2000kg of yams were purchased and at 10k per kg, 3000kg were purchased, the resultant point elasticity of demand is
Objective
Question details
- Exam body
- RSUT
- Subject
- Economics
- Year
- 2009/2010
- Question no.
- #16
- Type
- Objective
More from this paper
- Q12For a consumer of two commodities equilibrium is attained when
- Q13The law of diminishing marginal utility states that
- Q14One of the following is not a property of an indifference curve
- Q18Which of the following factors is an important determinant of the magnitude of…
- Q19If an increase in the price of a commodity leads to an increase in total…
- Q20Given that the elasticity of demand for a commodity is 2.5, the percentage…