2008
Economics
POST UTME
Which of the following statement is true?
A.
if cross price elasticity that of demand between two goals, A and B, is negative we can conclude that A and B are substitutes
B.
the co-efficient of elasticity of demand is measured as a ration of change in quantity demand to change in price
C.
A market will be in disequilibrium when demand is not equal to supply
D.
All the above.
Correct Answer: A market will be in disequilibrium when demand is not equal to supply
Explanation
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