If price of a commodity rises from N2.00 to N4.00 and its...
If price of a commodity rises from N2.00 to N4.00 and its supply increases from 100 to 125, then the co-efficient of elasticity of supply is
0.025
0.24
0.22
0.25
0.23
Correct answer is D
No explanation has been provided for this answer.
The country that makes the largest contribution to the IMF is ...
Price elasticity of supply is a ratio of the change in ...
From this diagram, the minimum wage OW will lead to ...
A buyer who haggles in the market is applying the principle of ...
Which of the following factors is not a cause of change in demand? Changes in ...
In developing countries, a larger percentage of the labour force is employed in the ...
If the price of a commodity Z falls and a consumer buys less of it, then commodity Z is a ...
Which of the following best describes the concept of opportunity cost? ...
If an increase in earning leads to more of a commodity being demanded, the good is said to have ...