Post Utme Bells University 2020 Economics Question 29

Practice objective / multiple choice question 29 from the 2020 Post Utme Bells University Economics examination.

Post Utme Bells University 2020 Economics Objective / Multiple Choice
Question 29 POST_UTME_BELLS_UNIVERSITY • 2020 • ECONOMICS • objective

A firm's demand curve is given by Q = 100 - 2P. If the firm's current price is ₦20, what is the elasticity of demand?

Answer Options

Correct Answer A. 0.5
B. 1
C. 2
D. 3
Correct Answer
A
Correct Option:
0.5

About This Question

This is Post Utme Bells University 2020 Economics Question 29. It is one of the objective questions from the 2020 Post Utme Bells University Economics examination.

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