Post Utme Futa 2017 Economics Question 4

Practice objective / multiple choice question 4 from the 2017 Post Utme Futa Economics examination.

Post Utme Futa 2017 Economics Objective / Multiple Choice
Question 4 POST_UTME_FUTA • 2017 • ECONOMICS • objective

The following table shows the price elasticity of demand for a particular good.

Answer Options

Correct Answer A. The good is elastic.
B. The good is inelastic.
C. The good is unit elastic.
D. The good is perfectly elastic.
Correct Answer
A
Correct Option:
The good is elastic.

About This Question

This is Post Utme Futa 2017 Economics Question 4. It is one of the objective questions from the 2017 Post Utme Futa Economics examination.

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