Post Utme Abu 2023 Economics Question 28

Practice objective / multiple choice question 28 from the 2023 Post Utme Abu Economics examination.

Post Utme Abu 2023 Economics Objective / Multiple Choice
Question 28 POST_UTME_ABU • 2023 • ECONOMICS • objective

The demand function for a product is given by Q = 100 - 2P, where Q is quantity demanded and P is price. If the price is increased by 10%, what is the percentage change in quantity demanded?

Answer Options

A. -10%
Correct Answer B. -20%
C. -30%
D. -40%
Correct Answer
B
Correct Option:
-20%

About This Question

This is Post Utme Abu 2023 Economics Question 28. It is one of the objective questions from the 2023 Post Utme Abu Economics examination.

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