Post Utme Oau 2025 Economics Question 9

Practice objective / multiple choice question 9 from the 2025 Post Utme Oau Economics examination.

Post Utme Oau 2025 Economics Objective / Multiple Choice
Question 9 POST_UTME_OAU • 2025 • ECONOMICS • objective

A country's elasticity of demand for a particular good is 0.8. If the price of the good increases by 10%, what will happen to the quantity demanded?

Answer Options

A. Increase by 8%
Correct Answer B. Decrease by 8%
C. Increase by 10%
D. Decrease by 10%
Correct Answer
B
Correct Option:
Decrease by 8%

About This Question

This is Post Utme Oau 2025 Economics Question 9. It is one of the objective questions from the 2025 Post Utme Oau Economics examination.

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