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Thursday, 11 June 2026
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When demand is elastic, it means that consumers

When demand is elastic, it means that consumers
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A React more proportionately to price change
  • B Are not sensitive to price changed
  • C Will stop buying when price increases
  • D React less proportionately to price change
  • E React equally to price change
Correct Answer: Option A
Explanation:

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