Search SchoolNGR

Friday, 01 May 2026
Register . Login

Where a commodity takes an insignificant proportion of the consumer's income, ...

Where a commodity takes an insignificant proportion of the consumer's income, demand for it will be
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Unitary elastic
  • B Price inelastic
  • C Fairly elatic
  • D Income inelastic
Correct Answer: Option D
Explanation:
Income inelastic means that consumer demand would not change in response to a change in income.

Share question on: