Post Utme Aaua 2019 Economics Question 40

Practice objective / multiple choice question 40 from the 2019 Post Utme Aaua Economics examination.

Post Utme Aaua 2019 Economics Objective / Multiple Choice
Question 40 POST_UTME_AAUA • 2019 • ECONOMICS • objective

A monopolist faces a demand curve given by Qd = 100 - 2P. If the marginal revenue is $50, what is the price elasticity of demand?

Answer Options

A. -1
Correct Answer B. -2
C. -3
D. -4
Correct Answer
B
Correct Option:
-2

About This Question

This is Post Utme Aaua 2019 Economics Question 40. It is one of the objective questions from the 2019 Post Utme Aaua Economics examination.

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