Post Utme Aaua 2025 Economics Question 1

Practice objective / multiple choice question 1 from the 2025 Post Utme Aaua Economics examination.

Post Utme Aaua 2025 Economics Objective / Multiple Choice
Question 1 POST_UTME_AAUA • 2025 • ECONOMICS • objective

Determine the price elasticity of demand for a commodity whose price elasticity of demand is 0.5 and the percentage change in quantity demanded is 2%.

Answer Options

Correct Answer A. -2
B. -1
C. 0.5
D. 1
Correct Answer
A
Correct Option:
-2

About This Question

This is Post Utme Aaua 2025 Economics Question 1. It is one of the objective questions from the 2025 Post Utme Aaua Economics examination.

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