Post Utme Aaua 2019 Economics Question 16

Practice objective / multiple choice question 16 from the 2019 Post Utme Aaua Economics examination.

Post Utme Aaua 2019 Economics Objective / Multiple Choice
Question 16 POST_UTME_AAUA • 2019 • ECONOMICS • objective

The demand for a product is given by the equation Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. If the price elasticity of demand is 0.5, what is the price at which the quantity demanded is 60?

Answer Options

A. ₦50
B. ₦75
Correct Answer C. ₦100
D. ₦125
Correct Answer
C
Correct Option:
₦100

About This Question

This is Post Utme Aaua 2019 Economics Question 16. It is one of the objective questions from the 2019 Post Utme Aaua Economics examination.

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