WAEC Economics 2017 Objective — Question 8
Question 8 of 50 from the West African Examinations Council (WAEC) Economics 2017 Objective paper, with the correct answer and a full explanation.
Advertisement
A demand curve parallel to the Y-axis indicates
- A. A. fairly elastic demand
- B. B. perfectly elastic demand
- C. C. perfectly inelastic demandCorrect
- D. D. fairly inelastic demand
Explanation
The y-axis is the price axis. If the demand curve is vertical (parallel to it), then the demand curve is perfectly inelastic.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.