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If elasticity of demand for a commodity is less than one, demand is
Classroom
Economics Classroom
Waec
Waec 2005
More Topics
If elasticity of demand for a commodity is less than one, demand is
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Unitary elastic
B
Inelastic
C
Infinetelt elastic
D
Zero elastic
Show Answer
Show Explanation
Correct Answer:
Option B
Explanation:
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