Post Utme Uniben 2024 Economics Question 1
Practice objective / multiple choice question 1 from the 2024 Post Utme Uniben Economics examination.
The elasticity of demand for a commodity is measured by the percentage change in the quantity demanded in response to a 1% change in the price. If the demand for a commodity is elastic, what can be inferred about the price elasticity of supply?
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About This Question
This is Post Utme Uniben 2024 Economics Question 1. It is one of the objective questions from the 2024 Post Utme Uniben Economics examination.
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