Post Utme Unn 2020 Economics Question 20

Practice objective / multiple choice question 20 from the 2020 Post Utme Unn Economics examination.

Post Utme Unn 2020 Economics Objective / Multiple Choice
Question 20 POST_UTME_UNN • 2020 • ECONOMICS • objective

The demand curve for a good is said to be elastic when the percentage change in the quantity demanded of the good is greater than the percentage change in the price of the good. This occurs when the demand curve is _______________.

Answer Options

Correct Answer A. horizontal
B. vertical
C. inelastic
D. unit elastic
Correct Answer
A
Correct Option:
horizontal

About This Question

This is Post Utme Unn 2020 Economics Question 20. It is one of the objective questions from the 2020 Post Utme Unn Economics examination.

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