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Question 16

A 50% increase in the quantity demanded of a commodity, following a 100% decrease in its price, shows that the commodity has

  • A.Fairly elastic demand
  • B.Unitary elastic demand
  • C.Inelastic demand
  • D.Perfectly elastic demand
Objective

Question details

Exam body
OAU
Subject
Economics
Year
2014/2015
Question no.
#16
Type
Objective
Previous · Q15Which of the following is not a measure for controlling inflation by the central… Next · Q17 A total utility is increasing, marginal utility is

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