Post Utme Bsu 2018 Economics Question 3

Practice objective / multiple choice question 3 from the 2018 Post Utme Bsu Economics examination.

Post Utme Bsu 2018 Economics Objective / Multiple Choice
Question 3 POST_UTME_BSU • 2018 • ECONOMICS • objective

The demand for a product is elastic if a small change in price leads to a large change in quantity demanded. Which of the following is a characteristic of an elastic demand curve?

Answer Options

Correct Answer A. A steep slope.
B. A horizontal slope.
C. A vertical slope.
D. A flat slope.
Correct Answer
A
Correct Option:
A steep slope.

About This Question

This is Post Utme Bsu 2018 Economics Question 3. It is one of the objective questions from the 2018 Post Utme Bsu Economics examination.

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