Post Utme Ui 2025 Economics Question 27

Practice objective / multiple choice question 27 from the 2025 Post Utme Ui Economics examination.

Post Utme Ui 2025 Economics Objective / Multiple Choice
Question 27 POST_UTME_UI • 2025 • ECONOMICS • objective

The demand for a commodity is said to be inelastic if a large change in price leads to a small change in quantity demanded. Which of the following is a characteristic of an inelastic demand?

Answer Options

A. A small change in price leads to a small change in quantity demanded
Correct Answer B. A large change in price leads to a small change in quantity demanded
C. A small change in price leads to a large change in quantity demanded
D. A large change in price leads to a large change in 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 Ui 2025 Economics Question 27. It is one of the objective questions from the 2025 Post Utme Ui Economics examination.

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