Post Utme Aaua 2021 Economics Question 11

Practice objective / multiple choice question 11 from the 2021 Post Utme Aaua Economics examination.

Post Utme Aaua 2021 Economics Objective / Multiple Choice
Question 11 POST_UTME_AAUA • 2021 • ECONOMICS • objective

Suppose a firm is producing a good with a cons\tant elasticity of demand of 2. If the price of the good increases by 10%, what is the percentage change in the quantity demanded?

Answer Options

A. 5%
Correct Answer B. 10%
C. 15%
D. 20%
Correct Answer
B
Correct Option:
10%

About This Question

This is Post Utme Aaua 2021 Economics Question 11. It is one of the objective questions from the 2021 Post Utme Aaua Economics examination.

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