Waec 2023 Economics Question 8

Practice objective / multiple choice question 8 from the 2023 Waec Economics examination. This question covers Economics .

Waec 2023 Economics Objective / Multiple Choice 2 Difficulty
Topic: Economics
Question 8 WAEC • 2023 • ECONOMICS • objective

When more of the tax on a product is borne by the buyer than the seller, the commodity involved has

Answer Options

Correct Answer A. elastic demand.
B. fairly inelastic demand.
C. perfectly elastic demand.
D. perfectly inelastic demand.
Correct Answer
A
Correct Option:
elastic demand.

About This Question

This is Waec 2023 Economics Question 8. It is one of the objective questions from the 2023 Waec Economics examination.

The question covers Economics .

Difficulty level: 2 .

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