What is the elasticity of demand for commodity X, if at a...
What is the elasticity of demand for commodity X, if at a price of N25 the quantity demanded is 80 and when the price is reduced to N20 the quantity demanded is 100?
1.25
1.45
0.25
0.15
Correct answer is A
No explanation has been provided for this answer.
Opportunity cost is a term that describes ...
What happens when a minimum price is imposed in a market? ...
The indigenisation policy in Nigeria is aimed at ...
In the process of production, total output is at maximum when ...
One of the functions of the Central Bank is ...
One of the major criticism of the 1962 -1968 National Development Plan was that ...
Which of the following categories of people do not gain during inflation? ...
The migration of young people from rural to urban areas in Nigeria should help to raise the ...
Which of the following is NOT one of the characteristics of developing countries? ...