Post Utme Uniben 2025 Economics Question 28

Practice objective / multiple choice question 28 from the 2025 Post Utme Uniben Economics examination.

Post Utme Uniben 2025 Economics Objective / Multiple Choice
Question 28 POST_UTME_UNIBEN • 2025 • ECONOMICS • objective

The concept of elasticity of demand refers to the responsiveness of the quantity demanded of a good to changes in its price. Which of the following is a correct statement about the elasticity of demand?

Answer Options

Correct Answer A. The elasticity of demand is a measure of the responsiveness of the quantity demanded of a good to changes in its price.
B. The elasticity of demand is a measure of the responsiveness of the quantity supplied of a good to changes in its price.
C. The elasticity of demand is a measure of the responsiveness of the quantity demanded of a good to changes in its income.
D. The elasticity of demand is a measure of the responsiveness of the quantity supplied of a good to changes in its income.
Correct Answer
A
Correct Option:
The elasticity of demand is a measure of the responsiveness of the quantity demanded of a good to changes in its price.

About This Question

This is Post Utme Uniben 2025 Economics Question 28. It is one of the objective questions from the 2025 Post Utme Uniben Economics examination.

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