Post Utme Aaua 2025 Economics Question 12

Practice objective / multiple choice question 12 from the 2025 Post Utme Aaua Economics examination.

Post Utme Aaua 2025 Economics Objective / Multiple Choice
Question 12 POST_UTME_AAUA • 2025 • ECONOMICS • objective

A firm's demand curve for a product is given by Q = 100 - 2P, where Q is the quantity demanded and P is the price. If the firm's total revenue is ₦10,000, what is the price elasticity of demand?

Answer Options

A. 0.5
Correct Answer B. 1.0
C. 1.5
D. 2.0
Correct Answer
B
Correct Option:
1.0

About This Question

This is Post Utme Aaua 2025 Economics Question 12. It is one of the objective questions from the 2025 Post Utme Aaua Economics examination.

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