Post Utme Futa 2017 Economics Question 18

Practice objective / multiple choice question 18 from the 2017 Post Utme Futa Economics examination.

Post Utme Futa 2017 Economics Objective / Multiple Choice
Question 18 POST_UTME_FUTA • 2017 • ECONOMICS • objective

The demand for a good is said to be inelastic if a change in the price of the good leads to a relatively small change in the quantity demanded. Which of the following is a characteristic of an inelastic demand curve?

Answer Options

A. The demand curve is downward sloping
B. The demand curve is upward sloping
C. The demand curve is horizontal
Correct Answer D. The demand curve is vertical
Correct Answer
D
Correct Option:
The demand curve is vertical

About This Question

This is Post Utme Futa 2017 Economics Question 18. It is one of the objective questions from the 2017 Post Utme Futa Economics examination.

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