Post Utme Afe Babalola University 2019 Commerce Question 37

Practice objective / multiple choice question 37 from the 2019 Post Utme Afe Babalola University Commerce examination.

Post Utme Afe Babalola University 2019 Commerce Objective / Multiple Choice
Question 37 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2019 • COMMERCE • objective

A firm's demand function is given by Q = 100 - 2P, where Q is quantity demanded and P is price. If the firm increases price by 10%, what is the percentage change in quantity demanded?

Answer Options

A. -5%
Correct Answer B. -10%
C. -15%
D. -20%
Correct Answer
B
Correct Option:
-10%

About This Question

This is Post Utme Afe Babalola University 2019 Commerce Question 37. It is one of the objective questions from the 2019 Post Utme Afe Babalola University Commerce examination.

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