Post Utme Achievers University 2025 Economics Question 29

Practice objective / multiple choice question 29 from the 2025 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2025 Economics Objective / Multiple Choice
Question 29 POST_UTME_ACHIEVERS_UNIVERSITY • 2025 • ECONOMICS • objective

Suppose a firm is producing a good with a cons\tant elasticity of demand of 2. If the price elasticity of supply is 3, and the firm's marginal revenue is ₦500, what is the change in quantity demanded?

Answer Options

Correct Answer A. ₦250
B. ₦500
C. ₦750
D. ₦1000
Correct Answer
A
Correct Option:
₦250

About This Question

This is Post Utme Achievers University 2025 Economics Question 29. It is one of the objective questions from the 2025 Post Utme Achievers University Economics examination.

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