Post Utme Eksu 2020 Economics Question 6

Practice objective / multiple choice question 6 from the 2020 Post Utme Eksu Economics examination.

Post Utme Eksu 2020 Economics Objective / Multiple Choice
Question 6 POST_UTME_EKSU • 2020 • ECONOMICS • objective

The demand for a commodity is said to be elastic if the percentage change in the quantity demanded is greater than the percentage change in the price. Which of the following is a characteristic of an elastic demand?

Answer Options

A. The demand curve is steeper
Correct Answer B. The demand curve is flatter
C. The demand curve is vertical
D. The demand curve is horizontal
Correct Answer
B
Correct Option:
The demand curve is flatter

About This Question

This is Post Utme Eksu 2020 Economics Question 6. It is one of the objective questions from the 2020 Post Utme Eksu Economics examination.

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