Post Utme Babcock University 2023 Economics Question 21

Practice objective / multiple choice question 21 from the 2023 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2023 Economics Objective / Multiple Choice
Question 21 POST_UTME_BABCOCK_UNIVERSITY • 2023 • ECONOMICS • objective

Calculate the value of the elasticity of demand for a product whose price elasticity of demand is 0.5 and the percentage change in price is 10%.

Answer Options

Correct Answer A. 0.5
B. 1.5
C. 2.5
D. 3.5
Correct Answer
A
Correct Option:
0.5

About This Question

This is Post Utme Babcock University 2023 Economics Question 21. It is one of the objective questions from the 2023 Post Utme Babcock University Economics examination.

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