Post Utme Bells University 2017 Commerce Question 32

Practice objective / multiple choice question 32 from the 2017 Post Utme Bells University Commerce examination.

Post Utme Bells University 2017 Commerce Objective / Multiple Choice
Question 32 POST_UTME_BELLS_UNIVERSITY • 2017 • COMMERCE • objective

A firm's demand function is given by P = 100 - 2Q, where P is price and Q is quantity. If the firm increases price from ₦100 to ₦120, what is the percentage change in quantity demanded?

Answer Options

A. -20%
Correct Answer B. -10%
C. 10%
D. 20%
Correct Answer
B
Correct Option:
-10%

About This Question

This is Post Utme Bells University 2017 Commerce Question 32. It is one of the objective questions from the 2017 Post Utme Bells University Commerce examination.

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