Given an original price of N3.50 per kilogram of rice and...
Given an original price of N3.50 per kilogram of rice and a change in price of 1.40, and given the quantity purchase at the old price as 10kg and a change in the quality as 5kg after the price change, the elasticity is equal to?
10.20
3.57
1.25
0.80
Correct answer is C
No explanation has been provided for this answer.
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