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Demand for petrol is often:

Demand for petrol is often:
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Perfectly inelastic supply
  • B Perfectly elastic
  • C Relatively inelastic
  • D Unit elastic always
Correct Answer: Option C
Explanation:
Petrol is an important necessity for transportation. Consumers may still buy nearly the same quantity despite price increases.

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