Post Utme Oau 2021 Geography Question 37

Practice objective / multiple choice question 37 from the 2021 Post Utme Oau Geography examination.

Post Utme Oau 2021 Geography Objective / Multiple Choice
Question 37 POST_UTME_OAU • 2021 • GEOGRAPHY • objective
Post Utme Oau 2021 Geography Question 37 diagram

The diagram below shows the relationship between the price of a commodity and the quantity demanded. Which of the following is a correct interpretation of the diagram?

Answer Options

A. The price elasticity of demand is unitary
B. The price elasticity of demand is greater than 1
Correct Answer C. The price elasticity of demand is less than 1
D. The price elasticity of demand is zero
Correct Answer
C
Correct Option:
The price elasticity of demand is less than 1

About This Question

This is Post Utme Oau 2021 Geography Question 37. It is one of the objective questions from the 2021 Post Utme Oau Geography examination.

View More Post Utme Oau 2021 Geography Questions More Post Utme Oau Practice Questions Back to Questions

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