Agricultural Science > 2009 > 56

WASSCE

Demand is said to be elastic when a percentage change in price

A.
results in an infinite change in demand
B.
results in an increase in quantity demanded
C.
results in an exact change in demand
D.
is less than one

Answer: B

To see detailed solution to this question and thousands of other questions offline, download TestDriller SSCE. Practice rigorously for WASSCE, enjoy educational games, get chief examiners' reports, summary of WAEC literature books, compete with your peers, win prizes and more.

Similar Questions

Practice with the best CBT software

Learn with innovative tools and excel in your forth-coming exam