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If the price of a ball point pen falls from N1.00 to No.60 and the quantity dema...


Question

If the price of a ball point pen falls from N1.00 to No.60 and the quantity demanded increases. from 200 to 300, the point elasticity of demand is equal to____________

Options

A) 0.50

B) 0.40

C) 1.25

D) 0.80

The correct answer is A.


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