If price of a commodity rises from N2.00 to N4.00 and its supply increases from 100 to 125, them the co-efficient of elasticity of supply is - SchoolNGR

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If price of a commodity rises from N2.00 to N4.00 and its supply increases from 100 to ...

If price of a commodity rises from N2.00 to N4.00 and its supply increases from 100 to 125, them the co-efficient of elasticity of supply is

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A 0.025
B 0.24
C 0.22
D 0.25
E 0.23

Correct Answer: Option D

Explanation:

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