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Economics basics questions

Economics basics questions | form two Commerce

Find Economics basics examination questions, form two Commerce in acaproso.com

# Question
1

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


Multiple choices
2

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


Multiple choices
3

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


Multiple choices