Post Utme Bsu 2020 Economics Question 8

Practice objective / multiple choice question 8 from the 2020 Post Utme Bsu Economics examination.

Post Utme Bsu 2020 Economics Objective / Multiple Choice
Question 8 POST_UTME_BSU • 2020 • ECONOMICS • objective

The elasticity of demand for a good is measured by the percentage change in the quantity demanded in response to a 1% change in the price of the good. If the price elasticity of demand is greater than 1, the demand curve is

Answer Options

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

About This Question

This is Post Utme Bsu 2020 Economics Question 8. It is one of the objective questions from the 2020 Post Utme Bsu Economics examination.

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