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

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
  • A.
    0.025
  • B.
    0.24
  • C.
    0.22
  • D.
    0.25
  • E.
    0.23
Correct Answer: Option D
Explanation
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