Post Utme Al Hikmah University 2021 Commerce Question 24

Practice objective / multiple choice question 24 from the 2021 Post Utme Al Hikmah University Commerce examination.

Post Utme Al Hikmah University 2021 Commerce Objective / Multiple Choice
Question 24 POST_UTME_AL-HIKMAH_UNIVERSITY • 2021 • COMMERCE • objective

A firm's demand function is given by Q = 100 - 2P. If the price of the commodity is increased by 20%, what is the new quantity demanded?

Answer Options

A. 80
Correct Answer B. 60
C. 40
D. 20
Correct Answer
B
Correct Option:
60

About This Question

This is Post Utme Al Hikmah University 2021 Commerce Question 24. It is one of the objective questions from the 2021 Post Utme Al Hikmah University Commerce examination.

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