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
1.25
0.80
0.50
0.40
Correct answer is A
No explanation has been provided for this answer.
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