Post Utme Caleb University 2019 Economics Question 20

Practice objective / multiple choice question 20 from the 2019 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2019 Economics Objective / Multiple Choice
Question 20 POST_UTME_CALEB_UNIVERSITY • 2019 • ECONOMICS • objective

The concept of elasticity of demand is used to measure the responsiveness of the quantity demanded of a good or service to changes in its price. Which of the following is a type of elasticity of demand?

Answer Options

A. Price elasticity of demand
B. Income elasticity of demand
C. Cross-price elasticity of demand
Correct Answer D. All of the above
Correct Answer
D
Correct Option:
All of the above

About This Question

This is Post Utme Caleb University 2019 Economics Question 20. It is one of the objective questions from the 2019 Post Utme Caleb University Economics examination.

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