Post Utme Bsu 2017 Economics Question 7

Practice objective / multiple choice question 7 from the 2017 Post Utme Bsu Economics examination.

Post Utme Bsu 2017 Economics Objective / Multiple Choice
Question 7 POST_UTME_BSU • 2017 • ECONOMICS • objective

A monopolist faces a demand curve with the following equation: Q = 100 - 2P. If the monopolist produces 50 units, what is the price elasticity of demand?

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 Bsu 2017 Economics Question 7. It is one of the objective questions from the 2017 Post Utme Bsu Economics examination.

View More Post Utme Bsu 2017 Economics Questions More Post Utme Bsu Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support