Post Utme Al Hikmah University 2022 Economics Question 36
Practice objective / multiple choice question 36 from the 2022 Post Utme Al Hikmah University Economics examination.
A firm's demand function is given by Q = 100 - 2P + 3Y, where Q is the quantity demanded, P is the price, and Y is the income. If the price elasticity of demand is -0.5, and the income elasticity of demand is 0.8, what is the cross-price elasticity of demand?
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This is Post Utme Al Hikmah University 2022 Economics Question 36. It is one of the objective questions from the 2022 Post Utme Al Hikmah University Economics examination.
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