Post Utme Babcock University 2020 Economics Question 16

Practice objective / multiple choice question 16 from the 2020 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2020 Economics Objective / Multiple Choice
Question 16 POST_UTME_BABCOCK_UNIVERSITY • 2020 • ECONOMICS • objective

A firm's demand function is given by Q = 100 - 2P + 5Y. If the price elasticity of demand is cons\tant and equal to 2, what is the cross-price elasticity of demand with respect to income?

Answer Options

Correct Answer A. 5
B. 10
C. 15
D. 20
Correct Answer
A
Correct Option:
5

About This Question

This is Post Utme Babcock University 2020 Economics Question 16. It is one of the objective questions from the 2020 Post Utme Babcock University Economics examination.

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