Post Utme Abu 2019 Commerce Question 6

Practice objective / multiple choice question 6 from the 2019 Post Utme Abu Commerce examination.

Post Utme Abu 2019 Commerce Objective / Multiple Choice
Question 6 POST_UTME_ABU • 2019 • COMMERCE • objective
Post Utme Abu 2019 Commerce Question 6 diagram

The following diagram shows a demand curve for a product. If the price elasticity of demand is -2, what is the percentage change in quantity demanded if the price increases by 10%?

Answer Options

Correct Answer A. 20%
B. 40%
C. 60%
D. 80%
Correct Answer
A
Correct Option:
20%

About This Question

This is Post Utme Abu 2019 Commerce Question 6. It is one of the objective questions from the 2019 Post Utme Abu Commerce examination.

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