Question 2

(a) Define price elasticity.
(b) If at N 8.00 per tuber, twenty tubers were demanded and when the price fell to N 6. 00 per tuber, thirty tubers were demanded, what is the elasticity of the demand?

Theory

Question details

Exam body
WAEC
Subject
Economics
Year
1992
Question no.
#2
Type
Theory

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