Welcome to Schoolngr.com

Home   School   News   C B T   Classroom
Friday, 05 July 2024

RegisterLogin

Types Nature And Determinants Of Elasticity And Their Measurement - Economics Jamb Past Questions and Answers

Economics Questions And Answers On Types Nature And Determinants Of Elasticity And Their Measurement
Exam year:
Question type:
Topics:

Economics Jamb Past Questions


Questions and Answers on Types, nature and determinants of elasticity and their measurement

Question 56 :



If the price of a bicycle changes from N120 to N80 and quantity bought changes from 300 to 500 units, the elasticity of demand for bicycle is

A. 66.7
B. 0.5
C. 1.5
D. 2.0


Question 57 :



From the graph above, the price elasticity of demand is

A. Unitarily elastic
B. Perfectly elastic
C. Perfectly inelastic
D. Fairly inelastic






AboutContact usBack to Top
...

Disclaimer
All Views, Names, Acronyms, Trademarks, Expressed on this website are those of their respective owners. Please note that www.schoolngr.com is not affiliated with any of the institutions featured in this website. It is always recommended to visit an institutions or sources official website for more information. In the same vein, all comments placed here do not represent the opinion of schoolngr.com


SCHOOLNGR - © 2020 - 2024 - Tayo Hammed | Terms Of Service | Copyright | Privacy Policy