Post Utme Babcock University 2025 Economics Question 36

Practice objective / multiple choice question 36 from the 2025 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2025 Economics Objective / Multiple Choice
Question 36 POST_UTME_BABCOCK_UNIVERSITY • 2025 • ECONOMICS • objective

A firm's demand function is given by Q = 100 - 2P, where Q is quantity demanded and P is price. If the firm's 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 Babcock University 2025 Economics Question 36. It is one of the objective questions from the 2025 Post Utme Babcock University Economics examination.

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