Post Utme Bowen University 2024 Economics Question 7

Practice objective / multiple choice question 7 from the 2024 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2024 Economics Objective / Multiple Choice
Question 7 POST_UTME_BOWEN_UNIVERSITY • 2024 • ECONOMICS • objective

The demand function for a product is given by p = 100 - 2q. If the price elasticity of demand is -2, what is the quantity demanded?

Answer Options

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

About This Question

This is Post Utme Bowen University 2024 Economics Question 7. It is one of the objective questions from the 2024 Post Utme Bowen University Economics examination.

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