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Wednesday, 08 April 2026
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Given an original price of N3.50 per kilogram of rice and a change in price of 1.40, ...

Given an original price of N3.50 per kilogram of rice and a change in price of 1.40, and given the quantity purchase at the old price as 10kg and a change in the quality as 5kg after the price change, the elasticity is equal to?
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  • A 10.20
  • B 3.57
  • C 1.25
  • D 0.80
Correct Answer: Option C
Explanation:

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