The price of a good rises from N5 to N8 and the quantity demanded falls from 200 to 190 units Over this price range; the demand curve is?

By: |Published on: Oct 28|Categories: Economics JAMB| 0 comments

A. perfectly inelastic
B. fairly inelastic
C. perfectly elastic
D. fairly elastic

Correct Answer:

Option B – fairly inelastic

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