Post Utme Lead City University 2020 Economics Question 26

Practice objective / multiple choice question 26 from the 2020 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2020 Economics Objective / Multiple Choice
Question 26 POST_UTME_LEAD_CITY_UNIVERSITY • 2020 • ECONOMICS • objective

The demand for a commodity is said to be elastic if a change in the price of the commodity leads to a

Answer Options

Correct Answer A. large increase in the quantity demanded
B. small increase in the quantity demanded
C. large decrease in the quantity demanded
D. small decrease in the quantity demanded
Correct Answer
A
Correct Option:
large increase in the quantity demanded

About This Question

This is Post Utme Lead City University 2020 Economics Question 26. It is one of the objective questions from the 2020 Post Utme Lead City University Economics examination.

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