Post Utme Al Hikmah University 2024 Economics Question 21
Practice objective / multiple choice question 21 from the 2024 Post Utme Al Hikmah University Economics examination.
A firm is operating in a perfectly competitive market with a downward-sloping demand curve. If the firm increases its output from 100 units to 120 units, and the price falls from ₦100 to ₦90, what is the price elasticity of demand?
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This is Post Utme Al Hikmah University 2024 Economics Question 21. It is one of the objective questions from the 2024 Post Utme Al Hikmah University Economics examination.
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