Price (₦)	Quantity Demanded
8	10
6	12

If we move from 8 to 6, the elasticity of demand is_______

bbvaliant

6 years ago

The answer should be D=1
Elasticity of demand is ∆Qd\∆p
Making it 20÷25=0.8 approximately 1

Tocmony

6 years ago

The answer is not they .......🤷🏾‍♂️🤷🏾‍♂️🤷🏾‍♂️🤷🏾‍♂️🤷🏾‍♂️
It supposed to be (change in quantity demanded divided by change in price the answer is "0.8". And it is not in the option.... please my school.com , please change for those who don't know 😕😕😕

lankee22

5 years ago

The answer was not in the option given

peacewise

3 years ago

Pls show me the full calculations so that I can understand the more

Edithrose

5 years ago

The answer is not in the option

Deborahe

5 years ago

Elasticity of demand is = % change in quantity demanded/ % change in price
Not the other way round, it is not the answer that it is wrong it is the formula