Question 20
If the quantity demanded of a commodity increases from 20 to 30 units where there is an increase in price from 4naira to 5 naira, the elasticity of demand is
Objective
Question details
- Exam body
- WAEC
- Subject
- Economics
- Year
- 2003
- Question no.
- #20
- Type
- Objective
More from this paper
- Q16West African countries experience rapid population growth due to
- Q17which of the following could be used to measure the efficiency of labour?
- Q18which of the following is necessary for the survival of small firms in West…
- Q22The most common type of business in West African countries is
- Q23Which of the following is a type of business organization?
- Q24one advantage of the sole proprietor is that