Waec 2025 Economics Question 12

Practice objective / multiple choice question 12 from the 2025 Waec Economics examination. This question covers Economics .

Waec 2025 Economics Objective / Multiple Choice 2 Difficulty
Topic: Economics
Question 12 WAEC • 2025 • ECONOMICS • objective

Good X has a price elasticity of demand of 0.25. This means that A. many close substitutes. B. is a luxury good. C. is not produced out of habit. D. has few substitutes.

Answer Options

Correct Answer A. many close substitutes.
B. is a luxury good.
C. is not produced out of habit.
D. has few substitutes.
Correct Answer
A
Correct Option:
many close substitutes.

About This Question

This is Waec 2025 Economics Question 12. It is one of the objective questions from the 2025 Waec Economics examination.

The question covers Economics .

Difficulty level: 2 .

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