Post Utme Futo 2017 Geography Question 39

Practice objective / multiple choice question 39 from the 2017 Post Utme Futo Geography examination.

Post Utme Futo 2017 Geography Objective / Multiple Choice
Question 39 POST_UTME_FUTO • 2017 • GEOGRAPHY • objective

A 10% increase in the price of a commodity results in a 10% decrease in the quantity demanded. What is the price elasticity of demand?

Answer Options

A. 0
B. 1
Correct Answer C. -1
D. 2
Correct Answer
C
Correct Option:
-1

About This Question

This is Post Utme Futo 2017 Geography Question 39. It is one of the objective questions from the 2017 Post Utme Futo Geography 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