Post Utme Achievers University 2023 Economics Question 37
Practice objective / multiple choice question 37 from the 2023 Post Utme Achievers University Economics examination.
A firm's demand for labor is given by the equation Q = 100L^0.5, where Q is the quantity of labor demanded and L is the wage rate. If the wage rate increases by 20%, what is the percentage change in the quantity of labor demanded?
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About This Question
This is Post Utme Achievers University 2023 Economics Question 37. It is one of the objective questions from the 2023 Post Utme Achievers University Economics examination.
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