Post Utme Achievers University 2022 Economics Question 10

Practice objective / multiple choice question 10 from the 2022 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2022 Economics Objective / Multiple Choice
Question 10 POST_UTME_ACHIEVERS_UNIVERSITY • 2022 • ECONOMICS • objective

A firm's demand function is given by Q = 100 - 2P. If the firm's revenue is ₦100,000, what is the value of the price elasticity of demand?

Answer Options

A. 0.5
Correct Answer B. 1.0
C. 1.5
D. 2.0
Correct Answer
B
Correct Option:
1.0

About This Question

This is Post Utme Achievers University 2022 Economics Question 10. It is one of the objective questions from the 2022 Post Utme Achievers University Economics examination.

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