Post Utme Al Hikmah University 2023 Economics Question 7

Practice objective / multiple choice question 7 from the 2023 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2023 Economics Objective / Multiple Choice
Question 7 POST_UTME_AL-HIKMAH_UNIVERSITY • 2023 • ECONOMICS • objective

A firm's demand function is given by \( Q = 100 - 2P \). If the price elasticity of demand is 0.5, find the value of the cross-price elasticity of demand.

Answer Options

Correct Answer A. -0.5
B. 0.5
C. 1
D. 2
Correct Answer
A
Correct Option:
-0.5

About This Question

This is Post Utme Al Hikmah University 2023 Economics Question 7. It is one of the objective questions from the 2023 Post Utme Al Hikmah University Economics examination.

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