Economics WAEC

One of the factors determining price elasticity of demand for a commodity is the?

A. availability of close substitutes
B. number of producers
C. government policy
D. price of other commodities

Correct Answer: Option A

A. availability of close substitutes

AddThis Website Tools
Sunday

Share
Published by
Sunday
Tags: economics
5 years ago

Recent Posts

LSC 311 Theory Questions: Key Concepts in Information Science: A Concise ExplorationLSC 311 Theory Questions: Key Concepts in Information Science: A Concise Exploration

LSC 311 Theory Questions: Key Concepts in Information Science: A Concise Exploration

300 Level  Department of Library and Information Science exam questions and detailed answers. Download the answers…

1 min ago
LSC 311 Theory Questions: Barriers to Information Usability and Accessibility: Key Challenges and SolutionsLSC 311 Theory Questions: Barriers to Information Usability and Accessibility: Key Challenges and Solutions

LSC 311 Theory Questions: Barriers to Information Usability and Accessibility: Key Challenges and Solutions

300 Level  Department of Library and Information Science exam questions and detailed answers. Download the answers…

14 mins ago
LSC 311 Theory Questions: Transformation of Information Resources and Principles of UtilizationLSC 311 Theory Questions: Transformation of Information Resources and Principles of Utilization

LSC 311 Theory Questions: Transformation of Information Resources and Principles of Utilization

300 Level  Department of Library and Information Science exam questions and detailed answers. Download the answers…

31 mins ago

INS 317 Theory Questions: Reinsurance: Burning Cost, Treaty Types, and Key Differences

300 Level  Department of Insurance exam questions and detailed answers. Download the answers in document format.…

39 mins ago

INS 317 Theory Questions: Reinsurance: Forms and Applications of Treaty Reinsurance

300 Level  Department of Insurance exam questions and detailed answers. Download the answers in document format.…

1 hour ago

INS 314 Theory Questions: Surplus Treaties and Facultative Reinsurance

300 Level  Department of Insurance exam questions and detailed answers. Download the answers in document format.…

1 hour ago