Post Utme Bowen University 2022 Economics Question 4

Practice objective / multiple choice question 4 from the 2022 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2022 Economics Objective / Multiple Choice
Question 4 POST_UTME_BOWEN_UNIVERSITY • 2022 • ECONOMICS • objective

Consider a linear demand curve given by Q = 100 - 2P. If the price elasticity of demand is 0.5, what is the price elasticity of supply?

Answer Options

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

About This Question

This is Post Utme Bowen University 2022 Economics Question 4. It is one of the objective questions from the 2022 Post Utme Bowen University Economics examination.

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