Given that the elasticity of demand for a commodity is 2.5, the percentage change in the quantity demanded as a result of a 10 percent change in it price is?

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Given that the elasticity of demand for a commodity is 2.5, the percentage change in ...

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The Theory Of Demand
Types, Nature And Determinants Of Elasticity And Their Measurement
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A 0.25
B 0.40
C 4.00
D 25.00

Correct Answer: Option D

Explanation:

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Given that the elasticity of demand for a commodity is 2.5, the percentage change in ...

Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE

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