Post Utme Aaua 2018 Economics Question 40

Practice objective / multiple choice question 40 from the 2018 Post Utme Aaua Economics examination.

Post Utme Aaua 2018 Economics Objective / Multiple Choice
Question 40 POST_UTME_AAUA • 2018 • ECONOMICS • objective

A firm is facing a downward-sloping demand curve given by Qd = 100 - 2P. If the firm produces 20 units, what is the price elasticity of demand?

Answer Options

Correct Answer A. 0.5
B. 1.0
C. 2.0
D. 3.0
Correct Answer
A
Correct Option:
0.5

About This Question

This is Post Utme Aaua 2018 Economics Question 40. It is one of the objective questions from the 2018 Post Utme Aaua Economics examination.

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