If the price of a ball point pen falls from N1 ... - JAMB Economics 2018 Question
If the price of a ball point pen falls from N1.00 to No.60 and the quantity demanded increases. from 200 to 300, the point elasticity of demand is equal to____________
A
0.50
B
0.40
C
1.25
D
0.80
correct option: a
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