passpadi

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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