Post Utme Bowen University 2021 Economics Question 2

Practice objective / multiple choice question 2 from the 2021 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2021 Economics Objective / Multiple Choice
Question 2 POST_UTME_BOWEN_UNIVERSITY • 2021 • ECONOMICS • objective

A firm's total revenue is given by the equation TR = 100x - 2x^2, where x is the number of units sold. What is the price elasticity of demand when the quantity demanded is 20 units?

Answer Options

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

About This Question

This is Post Utme Bowen University 2021 Economics Question 2. It is one of the objective questions from the 2021 Post Utme Bowen University Economics examination.

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