Question 0

If the demand of a product with perfectly elastic supply increases, there will be

  • A.An increase in price and quantity offered
  • B.An increase in quantity offered but price will remain the same
  • C.A reduction in price and quantity offered
  • D.An increase in price but a reduction in quantity offered for sale
  • E.An increase in quantity offered but a reduction in price
Objective

Question details

Exam body
JAMB
Subject
Economics
Year
1978
Question no.
#0
Type
Objective

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