Question 0

If the price elasticity of demand for a certain commodity is less than unity, then?

  • A.an increase in the price of the commodity will raise the total revenue of the producer
  • B.an increase in price leaves the total revenue unchanged
  • C.a decrease in price raises the total revenue of the supplier
  • D.a decrease in price leaves the total revenue constant
  • E.
Objective

Question details

Exam body
JAMB
Subject
Economics
Year
1993
Question no.
#0
Type
Objective

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