If the quantity demanded of a commodity increases from 20 to 30 when there is…

If the quantity demanded of a commodity increases from 20 to 30 when there is an increase in price from N4 to N5, the elasticity of demand is
  • A.
    zero
  • B.
    1
  • C.
    2
  • D.
    5
  • E.
    10
Correct Answer: Option C
Explanation
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