Elastic demand is the type in which a change in price
AGRICULTURE
JAMB 2013
Elastic demand is the type in which a change in price
- A. brings about greater change in quantity of goods demanded
- B. of a commodity leads to little or no change in demand
- C. leads to equal change in commodity demanded
- D. may not change the demand of quantity of commodity.
Correct Answer: C. leads to equal change in commodity demanded
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