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If the demand elasticity coefficient of cars is 0.5, it implies that the demand for ...
Classroom
Economics Classroom
Jamb
Jamb 2008
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If the demand elasticity coefficient of cars is 0.5, it implies that the demand for petrol is
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Elastic
B
Perfectliy inelastic
C
Inelastic
D
Perfect elastic
Show Answer
Show Explanation
Correct Answer:
Option C
Explanation:
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