Utme 2017 Economics Question 27

Practice objective / multiple choice question 27 from the 2017 Utme Economics examination. This question covers Elasticity .

Utme 2017 Economics Objective / Multiple Choice 2 Difficulty
Topic: Elasticity
Question 27 UTME • 2017 • ECONOMICS • objective

When demand is inelastic it means that consumers

Answer Options

Correct Answer A. react less proportionately to price change
B. react equally to price change
C. are sensitive to price change
D. will stop buying when price increases
Correct Answer
A
Correct Option:
react less proportionately to price change

About This Question

This is Utme 2017 Economics Question 27. It is one of the objective questions from the 2017 Utme Economics examination.

The question covers Elasticity .

Difficulty level: 2 .

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

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