Teacha
  • Courses
  • Mock Exams
  • For Tutors
  • For Schools
  • Pricing
Log InStart Free
  1. Past Questions
  2. /
  3. UI
  4. /
  5. Economics
  6. /
  7. 2014/2015
  8. /
  9. Q18
Question 18

The impact of a change in the price of commodity A on the quantity demanded of commodity B is best explained using the concept of

  • A.price-elasticity of demand
  • B.cross-price elasticity of demand
  • C.income elasticity of demand
  • D.elasticity of substitution
  • E.A-price elasticity of demand for B
Objective

Question details

Exam body
UI
Subject
Economics
Year
2014/2015
Question no.
#18
Type
Objective
Previous · Q17If the price of a commodity rises, the quantity demanded of the commodity… Next · Q19 The change that is due to a movement from one supply curve to another along the…

More from this paper

  • Q14Demand for a factor of production is
  • Q15Given Demand function: Qd = 5P + 10; Supply function: Qs = 7P - 5. If the price…
  • Q16If an increase in the price of a commodity leads to an increase in total…
  • Q20When the supply of a commodity is fixed, its price elasticity of supply is said…
  • Q21Given Demand function: Qd = 5P + 10; Supply function: Qs = 7P - 5. The…
  • Q22In market economies, resources are allocated through the
See all Economics 2014/2015 questions
Teacha

Africa's learning & exam readiness platform. Built for students, tutors, and schools.

Platform

  • Courses
  • Mock Exams
  • Past Questions

For You

  • I'm a Tutor
  • I'm a School
  • Pricing

© 2025 Teacha. Built for African learners, tutors, and schools. Teacha is not affiliated with WAEC, NECO, or JAMB. All past questions are sourced from publicly available materials.

Privacy PolicyTerms of UseCookie Policy