When the demand for a commodity is inelastic, total revenue will fall if

Economics

WAEC 1988

A. Price is increased
B. Price is reduced
C. Price remains constant
D. Price is not given
E. The commodity is a luxury

WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now

Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts

Correct Answer: Option B

Explanation

No official explanation is available for this question at this time. Please check contributions posted by others below. If you can provide an explanation to help other student learn, please click here

Previous Next

Go back to Econs classroom

Report an Error Ask A Question Download App

Your School's Whatsapp Group - Join Us now

Contributions ({{ comment_count }})

Please wait...

{{ settings.no_comment_msg ? settings.no_comment_msg : 'There are no comments' }}

Quick Questions

professor John is the leader of the ________ committee to review the new book? Answer this

1 Answers · English Language · 3 months ago
His contract was ---- because of irregularities in his contract You picked annulled over terminated and I want to know... Answer this

1 Answers · English Language · 2 months ago
whats is the difference between phrase and clause? Answer this

2 Answers · English Language · 3 days ago

WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now

When the demand for a commodity is inelastic, total revenue will fall if

Correct Answer: Option B

Explanation

Contributions ({{ comment_count }})

Please wait...

Modal title

Report

Block User

{{ feedback_modal_data.title }}

Quick Questions

Post your Contribution

Sign In