Post Utme Ui 2020 Economics Question 29

Practice objective / multiple choice question 29 from the 2020 Post Utme Ui Economics examination.

Post Utme Ui 2020 Economics Objective / Multiple Choice

Question 29 POST_UTME_UI • 2020 • ECONOMICS • objective

A firm's elasticity of demand is measured by the percentage change in quantity demanded

Correct Answer A. in response to a 1% change in price

B. in response to a 1% change in income

C. in response to a 1% change in price and income

D. in response to a 1% change in price and income, with the percentage change in quantity demanded being equal to the percentage change in price

Correct Answer

Correct Option:

in response to a 1% change in price

This is Post Utme Ui 2020 Economics Question 29. It is one of the objective questions from the 2020 Post Utme Ui Economics examination.

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