Post Utme Abu 2018 Economics Question 17

Practice objective / multiple choice question 17 from the 2018 Post Utme Abu Economics examination.

Post Utme Abu 2018 Economics Objective / Multiple Choice
Question 17 POST_UTME_ABU • 2018 • ECONOMICS • objective

A firm's demand curve is given by the equation Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. If the price is increased by 10%, what is the new quantity demanded?

Answer Options

A. 80
Correct Answer B. 90
C. 100
D. 110
Correct Answer
B
Correct Option:
90

About This Question

This is Post Utme Abu 2018 Economics Question 17. It is one of the objective questions from the 2018 Post Utme Abu Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support