If the prices of a commodity increases from N8.00 to N10....
If the prices of a commodity increases from N8.00 to N10.00 and the demand decreases from 100 to 80 respectively, what is the price elasticity of demand for the commodity?
0.5
0.8
1
1.5
1.8
Correct answer is B
No explanation has been provided for this answer.
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