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:
Examkits App

Examkit's JAMB CBT App

Practice JAMB offline with our Online, PC and Mobile App

  • ✅ 25+ years of past questions (2000 to 2025)
  • ✅ Video solutions and explanation to questions
  • ✅ E-library
  • ✅ Study by topic
  • ✅ And more.

Correct Answer

A

Explanation