ECONOMICS

JAMB 2019 - Question 13

Economics 2019 JAMB Past Questions - Question 13: Given an original price of N3.50 per kilogram of rice and a change inpriceof 1.40 and given the quantity purchased at the od pric as 10kg and a change in =supply as 5kg after the price change, the elasticity is

Choose the most appropriate option for the gap .
Given an original price of N3.50 per kilogram of rice and a change inpriceof 1.40 and given the quantity purchased at the od pric as 10kg and a change in =supply as 5kg after the price change, the elasticity is
A:
B:
C:
D:
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Correct Answer

A

Explanation

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