Post Utme Aaua 2022 Economics Question 32

Practice objective / multiple choice question 32 from the 2022 Post Utme Aaua Economics examination.

Post Utme Aaua 2022 Economics Objective / Multiple Choice
Question 32 POST_UTME_AAUA • 2022 • ECONOMICS • objective

The demand for a commodity is said to be perfectly inelastic if the quantity demanded is not responsive to changes in the price of the commodity. U\sing the concept of elasticity of demand, explain why the demand for a commodity is said to be perfectly inelastic.

Answer Options

Correct Answer A. The demand for a commodity is said to be perfectly inelastic if the quantity demanded is not responsive to changes in the price of the commodity.
B. The demand for a commodity is said to be perfectly inelastic if the quantity demanded is highly responsive to changes in the price of the commodity.
C. The demand for a commodity is said to be perfectly inelastic if the quantity demanded is equal to the quantity supplied.
D. The demand for a commodity is said to be perfectly inelastic if the quantity demanded is greater than the quantity supplied.
Correct Answer
A
Correct Option:
The demand for a commodity is said to be perfectly inelastic if the quantity demanded is not responsive to changes in the price of the commodity.

About This Question

This is Post Utme Aaua 2022 Economics Question 32. It is one of the objective questions from the 2022 Post Utme Aaua Economics examination.

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