Post Utme Redeemers University 2017 Economics Question 39

Practice objective / multiple choice question 39 from the 2017 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2017 Economics Objective / Multiple Choice
Question 39 POST_UTME_REDEEMERS_UNIVERSITY • 2017 • ECONOMICS • objective

The demand for a commodity is said to be perfectly elastic if a change in its price leads to a proportionate change in the quantity demanded. Which of the following is a characteristic of a perfectly elastic demand curve?

Answer Options

A. A small change in price leads to a large change in quantity demanded
Correct Answer B. A large change in price leads to a small change in quantity demanded
C. A change in price has no effect on quantity demanded
D. A change in income has no effect on quantity demanded
Correct Answer
B
Correct Option:
A large change in price leads to a small change in quantity demanded

About This Question

This is Post Utme Redeemers University 2017 Economics Question 39. It is one of the objective questions from the 2017 Post Utme Redeemers University Economics examination.

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