Post Utme Al Hikmah University 2019 Economics Question 12

Practice objective / multiple choice question 12 from the 2019 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2019 Economics Objective / Multiple Choice
Question 12 POST_UTME_AL-HIKMAH_UNIVERSITY • 2019 • ECONOMICS • objective

A consumer's demand function for a good is given by Q = 100 - 2P, where Q is quantity demanded and P is price. If the price of the good increases from ₦50 to ₦60, what is the percentage change in quantity demanded?

Answer Options

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

About This Question

This is Post Utme Al Hikmah University 2019 Economics Question 12. It is one of the objective questions from the 2019 Post Utme Al Hikmah University Economics examination.

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