If a 10k per kg, 1000kg of yam were purchased and at 5k per kg, 1,500kg were purchased, the resultant point elasticity of demand is? - SchoolNGR

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If a 10k per kg, 1000kg of yam were purchased and at 5k per kg, 1,500kg were purchased, ...

If a 10k per kg, 1000kg of yam were purchased and at 5k per kg, 1,500kg were purchased, the resultant point elasticity of demand is?

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A 0.33
B 0.0001
C 1
D 10,000

Correct Answer: Option C

Explanation:

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