Post Utme Achievers University 2024 Economics Question 14

Practice objective / multiple choice question 14 from the 2024 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2024 Economics Objective / Multiple Choice
Question 14 POST_UTME_ACHIEVERS_UNIVERSITY • 2024 • ECONOMICS • objective

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

Answer Options

A. ₦50
B. ₦75
Correct Answer C. ₦100
D. ₦125
Correct Answer
C
Correct Option:
₦100

About This Question

This is Post Utme Achievers University 2024 Economics Question 14. It is one of the objective questions from the 2024 Post Utme Achievers University Economics examination.

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