Determine the price elasticity of demand if the price of yam tuber rises by 10% (0.1) and the quantity demanded falls by 5% (0.05) - SchoolNGR

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Determine the price elasticity of demand if the price of yam tuber rises by 10% (0.1) ...

Determine the price elasticity of demand if the price of yam tuber rises by 10% (0.1) and the quantity demanded falls by 5% (0.05)

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A 0.5
B 0.4
C 0.3
D 0.1

Correct Answer: Option A

Explanation:

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