Question on: JAMB Economics - 2016
\(\begin{array}{c|c}
Price (N) & 20 & 16 \\ \hline
\text{Quantity demanded} & 100 & 58
\end{array}\)
From the table above, the elasticity of supply is_____?
Price (N) & 20 & 16 \\ \hline
\text{Quantity demanded} & 100 & 58
\end{array}\)
From the table above, the elasticity of supply is_____?
A
Inelastic supply
B
Perfectly elastic
C
Elastic supply
D
Unitary elastic
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Correct Option: C
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