Post Utme Abu 2021 Economics Question 25

Practice objective / multiple choice question 25 from the 2021 Post Utme Abu Economics examination.

Post Utme Abu 2021 Economics Objective / Multiple Choice
Question 25 POST_UTME_ABU • 2021 • ECONOMICS • objective

A firm's demand curve is given by the equation Qd = 100 - 2P. If the firm's marginal revenue (MR) is greater than its marginal \cost (MC), what is the price elasticity of demand?

Answer Options

Correct Answer A. Unit elastic
B. Inelastic
C. Perfectly elastic
D. Perfectly inelastic
Correct Answer
A
Correct Option:
Unit elastic

About This Question

This is Post Utme Abu 2021 Economics Question 25. It is one of the objective questions from the 2021 Post Utme Abu Economics examination.

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