Post Utme Bowen University 2018 Economics Question 37

Practice objective / multiple choice question 37 from the 2018 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2018 Economics Objective / Multiple Choice
Question 37 POST_UTME_BOWEN_UNIVERSITY • 2018 • ECONOMICS • objective

A firm is producing a good with a cons\tant elasticity of demand of 2. If the price of the good is ₦100, what is the price elasticity of supply?

Answer Options

Correct Answer A. 0.5
B. 1
C. 2
D. 4
Correct Answer
A
Correct Option:
0.5

About This Question

This is Post Utme Bowen University 2018 Economics Question 37. It is one of the objective questions from the 2018 Post Utme Bowen University Economics examination.

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