Post Utme Abu 2019 Geography Question 29

Practice objective / multiple choice question 29 from the 2019 Post Utme Abu Geography examination.

Post Utme Abu 2019 Geography Objective / Multiple Choice
Question 29 POST_UTME_ABU • 2019 • GEOGRAPHY • objective

A firm is producing a good with a constant elasticity of demand. 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. -15%
C. -10%
D. -5%
Correct Answer
A
Correct Option:
-20%

About This Question

This is Post Utme Abu 2019 Geography Question 29. It is one of the objective questions from the 2019 Post Utme Abu Geography examination.

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