Post Utme Delsu 2019 Economics Question 11

Practice objective / multiple choice question 11 from the 2019 Post Utme Delsu Economics examination.

Post Utme Delsu 2019 Economics Objective / Multiple Choice
Question 11 POST_UTME_DELSU • 2019 • 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 -0.2.

Answer Options

A. 0.5
B. -0.2
Correct Answer C. 1.0
D. -0.5
Correct Answer
C
Correct Option:
1.0

About This Question

This is Post Utme Delsu 2019 Economics Question 11. It is one of the objective questions from the 2019 Post Utme Delsu Economics examination.

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