From the above, calculate the price elasticity of demand

a

5.0

b

2.0

c

1.0

d

0.5

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Correct Option
a

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Discussions (15)

fmbuzzy
10 years ago

The question is wrongly composed:

0.5

Myschool Kelly
10 years ago

Correction has been made. Thanks for your contributions.

tosigno29
1 year ago

correct answer is 0.5

Prince Vincelee
10 years ago

The answer is 2.....

damcul
10 years ago

Shey na dis kind package JAMB dey do... Giving wrong answer... D answer is D : 0.5

DiddyKong
1 year ago

correct answer is 0.5

Diogo001
1 year ago

the answer is correct

brunto
11 years ago

The answer is 1.....

Larry265
5 years ago

500-400=100
100/100=1%
70-50=20
20/100=0.2%

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