If the demand elasticity coefficient of cars is... - JAMB Economics 2008 Question
If the demand elasticity coefficient of cars is 0.5, it implies that the demand for petrol is
A
elastic
B
perfectliy inelastic
C
inelastic
D
perfect elastic
Ask EduPadi AI for a Detailed Answer
Correct Option: C
Please share this, thanks:
#JAMB #JAMB
Add your answer
No responses