Post Utme Al Hikmah University 2023 Economics Question 25

Practice objective / multiple choice question 25 from the 2023 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2023 Economics Objective / Multiple Choice
Question 25 POST_UTME_AL-HIKMAH_UNIVERSITY • 2023 • ECONOMICS • objective

A firm's demand function is given by Q = 100 - 2P, where Q is quantity demanded and P is price. If the price increases by 20%, what is the percentage change in quantity demanded?

Answer Options

A. -10%
Correct Answer B. -20%
C. -30%
D. -40%
Correct Answer
B
Correct Option:
-20%

About This Question

This is Post Utme Al Hikmah University 2023 Economics Question 25. It is one of the objective questions from the 2023 Post Utme Al Hikmah University Economics examination.

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