Economics > 2013 > 10
WASSCE
Demand is elastic when percentage change in
A.
quantity demanded is greater than percentage change in price
B.
price is greater than percentage change in quantity demanded
C.
price is equal to one
D.
quantity demanded is zero
Answer: A
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.
09037778195