Post Utme Achievers University 2021 Economics Question 30

Practice objective / multiple choice question 30 from the 2021 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2021 Economics Objective / Multiple Choice
Question 30 POST_UTME_ACHIEVERS_UNIVERSITY • 2021 • ECONOMICS • objective

A firm's elasticity of supply is given by E = 2. If the price of the good increases by 20%, what is the percentage change in quantity supplied?

Answer Options

A. 40%
B. 60%
Correct Answer C. 80%
D. 100%
Correct Answer
C
Correct Option:
80%

About This Question

This is Post Utme Achievers University 2021 Economics Question 30. It is one of the objective questions from the 2021 Post Utme Achievers University Economics examination.

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