Post Utme Rsu 2018 Economics Question 5

Practice objective / multiple choice question 5 from the 2018 Post Utme Rsu Economics examination.

Post Utme Rsu 2018 Economics Objective / Multiple Choice
Question 5 POST_UTME_RSU • 2018 • ECONOMICS • objective
Post Utme Rsu 2018 Economics Question 5 diagram

A diagram of a firm's demand curve is shown below. If the firm is currently producing at point A, what is the price elasticity of demand?

Answer Options

A. elastic
Correct Answer B. inelastic
C. unit elastic
D. perfectly inelastic
Correct Answer
B
Correct Option:
inelastic

About This Question

This is Post Utme Rsu 2018 Economics Question 5. It is one of the objective questions from the 2018 Post Utme Rsu Economics examination.

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