Post Utme Greenfield University 2017 Economics Question 26

Practice objective / multiple choice question 26 from the 2017 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2017 Economics Objective / Multiple Choice
Question 26 POST_UTME_GREENFIELD_UNIVERSITY • 2017 • ECONOMICS • objective

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

Answer Options

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

About This Question

This is Post Utme Greenfield University 2017 Economics Question 26. It is one of the objective questions from the 2017 Post Utme Greenfield University Economics examination.

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