If the price of a ball point pen falls from N1.00 to N0.6...
If the price of a ball point pen falls from N1.00 to N0.60 and the quantity demanded increases from 200 to 300, the point elasticity of demand is equal to
1.25
0.80
0.50
0.40
Correct answer is A
No explanation has been provided for this answer.
An example of transfer payments in national income accounting is ...
Taxes levied on locally manufactured goods are called ...
Public corporation in West Africa are set up to ...
The principle of comparative cost advantage was propounded by ...
Monetary policy does NOT involve ...
A major disadvantage of a capitalist economy is that it ...
Import substitution industrialization refers to ...
The most generally accepted definition of Economics was given by ...