Post Utme Caleb University 2025 Economics Question 11

Practice objective / multiple choice question 11 from the 2025 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2025 Economics Objective / Multiple Choice
Question 11 POST_UTME_CALEB_UNIVERSITY • 2025 • ECONOMICS • objective

Determine the price elasticity of demand for a product whose price elasticity of supply is 0.5 and the cross-price elasticity of demand is 0.8.

Answer Options

A. 0.2
Correct Answer B. 0.5
C. 0.8
D. 1.2
Correct Answer
B
Correct Option:
0.5

About This Question

This is Post Utme Caleb University 2025 Economics Question 11. It is one of the objective questions from the 2025 Post Utme Caleb University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support