Post Utme Ksu 2020 Economics Question 15

Practice objective / multiple choice question 15 from the 2020 Post Utme Ksu Economics examination.

Post Utme Ksu 2020 Economics Objective / Multiple Choice
Question 15 POST_UTME_KSU • 2020 • ECONOMICS • objective

The concept of elasticity of demand refers to the responsiveness of the quantity demanded of a good to changes in its price. Which of the following is a characteristic of elastic demand?

Answer Options

A. The demand curve is vertical
B. The demand curve is horizontal
Correct Answer C. The demand curve is elastic
D. The demand curve is inelastic
Correct Answer
C
Correct Option:
The demand curve is elastic

About This Question

This is Post Utme Ksu 2020 Economics Question 15. It is one of the objective questions from the 2020 Post Utme Ksu Economics examination.

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