Post Utme Bowen University 2020 Economics Question 13

Practice objective / multiple choice question 13 from the 2020 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2020 Economics Objective / Multiple Choice
Question 13 POST_UTME_BOWEN_UNIVERSITY • 2020 • ECONOMICS • objective

The demand for a good is given by the equation Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. If the price is increased by 10%, what is the new quantity demanded?

Answer Options

A. 20
Correct Answer B. 30
C. 40
D. 50
Correct Answer
B
Correct Option:
30

About This Question

This is Post Utme Bowen University 2020 Economics Question 13. It is one of the objective questions from the 2020 Post Utme Bowen University Economics examination.

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