Question 0

The demand for a product is said to be price inelastic if?

  • A.the price elasticity of demand is less than one
  • B.the price elasticity of demand is greater than one
  • C.a reduction in price results in increase in the quantity demanded
  • D.an increase in price results in a decrease in the quantity demanded
  • E.
Objective

Question details

Exam body
JAMB
Subject
Economics
Year
1990
Question no.
#0
Type
Objective

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