Post Utme Bells University 2018 Economics Question 26

Practice objective / multiple choice question 26 from the 2018 Post Utme Bells University Economics examination.

Post Utme Bells University 2018 Economics Objective / Multiple Choice
Question 26 POST_UTME_BELLS_UNIVERSITY • 2018 • ECONOMICS • objective

The demand for a product is given by the equation Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. If the price elasticity of demand is cons\tant and equal to 2, what is the price elasticity of supply?

Answer Options

A. 2
B. -2
C. 4
Correct Answer D. -4
Correct Answer
D
Correct Option:
-4

About This Question

This is Post Utme Bells University 2018 Economics Question 26. It is one of the objective questions from the 2018 Post Utme Bells University Economics examination.

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