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If the co-efficient of elasticity of demand is 1.5, then the demand is
Classroom
Economics Classroom
Waec
Waec 2008
More Topics
If the co-efficient of elasticity of demand is 1.5, then the demand is
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Fairly inelastic
B
Perfectly elastic
C
Elastic
D
Inelastic
Show Answer
Show Explanation
Correct Answer:
Option C
Explanation:
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