Post Utme Rsu 2018 General Studies Question 25

Practice objective / multiple choice question 25 from the 2018 Post Utme Rsu General Studies examination.

Post Utme Rsu 2018 General Studies Objective / Multiple Choice
Question 25 POST_UTME_RSU • 2018 • GENERAL STUDIES • objective

The following graph shows the relationship between the price of a commodity and its demand. What is the price elasticity of demand?

Answer Options

A. Inelastic
B. Unit elastic
Correct Answer C. Elastic
D. Perfectly elastic
Correct Answer
C
Correct Option:
Elastic

About This Question

This is Post Utme Rsu 2018 General Studies Question 25. It is one of the objective questions from the 2018 Post Utme Rsu General Studies examination.

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