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Question 0

If a 10% rise in price causes a 5% decrease in the quantity demanded of a commodity, the elasticity of demand is

  • A.unitary elastic
  • B.zero elastic
  • C.elastic
  • D.inelastic
  • E.
Objective

Question details

Exam body
JAMB
Subject
Economics
Year
2014
Question no.
#0
Type
Objective
Previous · Q0A change in demand for a normal goods implies that, there is a Next · Q0 A rightward shift of the budget line is caused by a

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