Post Utme Abu 2018 Economics Question 36
Practice objective / multiple choice question 36 from the 2018 Post Utme Abu Economics examination.
A firm's demand for a raw material is given by the equation Q = 100 - 2P, where Q is the quantity demanded and P is the price of the raw material. If the price elasticity of demand is cons\tant and equal to 2, what is the price at which the firm will buy 50 units of the raw material?
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About This Question
This is Post Utme Abu 2018 Economics Question 36. It is one of the objective questions from the 2018 Post Utme Abu Economics examination.
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