Economics basics questions | form two Commerce

(3429) Question Category: Multiple choices

If a small change in price brings about a greater change in quantity demanded, the price
elasticity of demand is said to be:
A. constant
B. elastic
C. inelastic
D. unitary

Answer / Solution

UNSOLVED

(3430) Question Category: Multiple choices

If a small change in price brings about a greater change in quantity demanded, the price
elasticity of demand is said to be:
A. constant
B. elastic
C. inelastic
D. unitary

Answer / Solution

UNSOLVED

(3431) Question Category: Multiple choices

When there is an increase in supply, the supply curve always:
A. remains constant
B. shifts from left to right
C. shifts from right to left
D. shifts upward

Answer / Solution

UNSOLVED


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