Post Utme Uniben 2019 Economics Question 33

Practice objective / multiple choice question 33 from the 2019 Post Utme Uniben Economics examination.

Post Utme Uniben 2019 Economics Objective / Multiple Choice
Question 33 POST_UTME_UNIBEN • 2019 • ECONOMICS • objective

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

Answer Options

A. The demand curve is steep and vertical.
B. The demand curve is horizontal and flat.
Correct Answer C. The demand curve is steep and sloping.
D. The demand curve is horizontal and sloping.
Correct Answer
C
Correct Option:
The demand curve is steep and sloping.

About This Question

This is Post Utme Uniben 2019 Economics Question 33. It is one of the objective questions from the 2019 Post Utme Uniben Economics examination.

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