Post Utme Al Hikmah University 2018 Economics Question 22

Practice objective / multiple choice question 22 from the 2018 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2018 Economics Objective / Multiple Choice

Question 22 POST_UTME_AL-HIKMAH_UNIVERSITY • 2018 • ECONOMICS • objective

A firm's demand function is given by Q = 100 - 2P. If the firm's current price is ₦20, calculate the firm's current elasticity of demand.

Answer Options

Correct Answer A. 0.5

B. 1

C. 2

D. 3

Correct Answer

Correct Option:

0.5

About This Question

This is Post Utme Al Hikmah University 2018 Economics Question 22. It is one of the objective questions from the 2018 Post Utme Al Hikmah University Economics examination.

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