Post Utme Abu 2025 Economics Question 11

Practice objective / multiple choice question 11 from the 2025 Post Utme Abu Economics examination.

Post Utme Abu 2025 Economics Objective / Multiple Choice
Question 11 POST_UTME_ABU • 2025 • ECONOMICS • objective

A firm's demand curve is given by Q = 100 - 2P, where Q is the quantity demanded and P is the price. If the price elasticity of demand is calculated at a price of ₦50, what is the value of the elasticity?

Answer Options

A. 0.5
Correct Answer B. 1.0
C. 2.0
D. 3.0
Correct Answer
B
Correct Option:
1.0

About This Question

This is Post Utme Abu 2025 Economics Question 11. It is one of the objective questions from the 2025 Post Utme Abu Economics examination.

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