Utme 2017 Economics Question 25

Practice objective / multiple choice question 25 from the 2017 Utme Economics examination. This question covers Demand Theory .

Utme 2017 Economics Objective / Multiple Choice 2 Difficulty
Topic: Demand Theory
Question 25 UTME • 2017 • ECONOMICS • objective

A good is said to be inferior if demand

Answer Options

A. is perfectly inelastic
B. rises as its price falls
C. falls as income rises
Correct Answer D. rises as income falls
Correct Answer
D
Correct Option:
rises as income falls

About This Question

This is Utme 2017 Economics Question 25. It is one of the objective questions from the 2017 Utme Economics examination.

The question covers Demand Theory .

Difficulty level: 2 .

View More Utme 2017 Economics Questions More Utme Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support