Question 6

Which of the following is true?

  • A.If the price of elasticity of demand between two goods A and
  • B.is negative we conclude that A and B are substitutes
  • C.The co-efficient of the elasticity of demand is measured as a ratio of change in quantity demanded to change in price
  • D.A market will be in disequilibrium when demand is not equal to supply
Objective

Question details

Exam body
OAU
Subject
Economics
Year
2009/2010
Question no.
#6
Type
Objective

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