Post Utme Afe Babalola University 2024 Economics Question 31

Practice objective / multiple choice question 31 from the 2024 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2024 Economics Objective / Multiple Choice
Question 31 POST_UTME_AFE_BABALOLA_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 price at which the firm will sell 50 units?

Answer Options

A. ₦20
Correct Answer B. ₦30
C. ₦40
D. ₦50
Correct Answer
B
Correct Option:
₦30

About This Question

This is Post Utme Afe Babalola University 2024 Economics Question 31. It is one of the objective questions from the 2024 Post Utme Afe Babalola University Economics examination.

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