Economics
JAMB 2018
If the price elasticity of demand for a good is 0.43 an increase in the price of the good will result in____________
-
A.
a decrease in profit by 43%
-
B.
an increase in profit by 43%
-
C.
a net loss
-
D.
a net gain
Correct Answer: Option A
Explanation
No official explanation is available for this question at this time. Please check contributions posted by others below. If you can provide an explanation to help other student learn, please
click here
Report an Error
Ask A Question
Download App
Quick Questions
Contributions ({{ comment_count }})
Please wait...
Modal title
Report
Block User
{{ feedback_modal_data.title }}