If the price of a ball point pen falls from N1.00 to N0.6...
If the price of a ball point pen falls from N1.00 to N0.60 and the quantity demanded increases. from 200 to 300, the point elasticity of demand is equal to____________
0.50
0.40
1.25
0.80
Correct answer is C
No explanation has been provided for this answer.