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Question 0

If a commodity has many substitutes, it is most likely that?

  • A.the demand curve is fairly inelastic
  • B.the demand curve is fairly elastic
  • C.the demand curve is paraell to the quantity axis
  • D.the demand curve is positively sloped
  • E.the price of the commodity is too high
Objective

Question details

Exam body
JAMB
Subject
Economics
Year
1981
Question no.
#0
Type
Objective
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