Home » Economics » If a 10k per kg, 1000kg of yam were purchased and at 5k per kg,…If a 10k per kg, 1000kg of yam were purchased and at 5k per kg,… If a 10k per kg, 1000kg of yam were purchased and at 5k per kg, 1,500kg were purchased, the resultant point elasticity of demand is? A. 0.33 B. 0.0001 C. 1 D. 10,000 Correct Answer: Option C Explanation Related Posts ‘Choice arises because of scarcity of resources’,In discussing this statement, Which of the following is… Which of the following statements is true about terms of trade? A decrease in supply without a corresponding change in demand will lead to An important feature of a cartel is that? The solution to the problem of double coincidence of wants requires a buyer and seller… which of the following is the correct way to calculate total cost?
‘Choice arises because of scarcity of resources’,In discussing this statement, Which of the following is…
