Question 7

Price elasticity of demand is define as the

  • A.responsiveness of demand to change in price
  • B.responsiveness of price to change in demand
  • C.increase in demand resulting form a rise in price
  • D.unit decrease in price resulting from a a fall in demand
  • E.unit increase in quantity demanded when price rises
Objective

Question details

Exam body
WAEC
Subject
Economics
Year
1993
Question no.
#7
Type
Objective

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