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Question 13 Economics (UI) | UI Post UTME
A
between zero and one  
B
equal to unity  
C
greater than unity  
D
less than unity  
E
none of the above  
Explanation.
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Correct Option:
C
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Question 14 Economics (UI) | UI Post UTME
A
A composite demand  
B
ajoint demand  
C
a derived demand  
D
an elasticity of demand  
E
cross elasticity of demand  
Explanation.
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Correct Option:
C
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Question 15 Economics (UI) | UI Post UTME
A
35 
B
30 
C
10 
D
E
65 
Explanation.
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Correct Option:
D
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Question 16 Economics (UI) | UI Post UTME
A
normal  
B
elastic  
C
inelastic  
D
abnormal  
E
unitary  
Explanation.
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Correct Option:
C
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Question 17 Economics (UI) | UI Post UTME
A
static  
B
infinitely elastic  
C
externally determined  
D
perfectly inelastic  
E
perfectly elastic  
Explanation.
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Correct Option:
D
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Question 18 Economics (UI) | UI Post UTME
A
price-elasticity of demand  
B
cross-price elasticity of demand  
C
income elasticity of demand  
D
elasticity of substitution  
E
A-price elasticity of demand for B  
Explanation.
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Correct Option:
B
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Question 19 Economics (UI) | UI Post UTME
A
change in supply  
B
change in quantity supplied  
C
elasticity change  
D
control price effect  
E
change in equilibrium quantity  
Explanation.
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Correct Option:
A
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Question 20 Economics (UI) | UI Post UTME
A
perfectly elastic  
B
perfectly inelastic  
C
undefined  
D
elastic  
E
inelastic  
Explanation.
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Correct Option:
B
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