Utme 2020 Economics Question 20

Practice objective / multiple choice question 20 from the 2020 Utme Economics examination. This question covers Economics .

Utme 2020 Economics Objective / Multiple Choice 2 Difficulty
Topic: Economics
Question 20 UTME • 2020 • ECONOMICS • objective

When demand is elastic, it means that consumers

Answer Options

Correct Answer A. react equally to price change
B. are not sensitive to price change
C. will stop buying when price increases
D. react less proportionately to the price change
Correct Answer
A
Correct Option:
react equally to price change

About This Question

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

The question covers Economics .

Difficulty level: 2 .

View More Utme 2020 Economics Questions More Utme Practice Questions Back to Questions

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