ECONOMICS

JAMB 2014 - Question 10

Economics 2014 JAMB Past Questions - Question 10: If a 10% rise in price causes a 5% decrease in the quantity demanded of a commodity, the elasticity of demand is

Choose the most appropriate option for the gap .
If a 10% rise in price causes a 5% decrease in the quantity demanded of a commodity, the elasticity of demand is
A:
B:
C:
D:
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Correct Answer

B

Explanation