Post Utme Bsu 2018 Economics Question 15

Practice objective / multiple choice question 15 from the 2018 Post Utme Bsu Economics examination.

Post Utme Bsu 2018 Economics Objective / Multiple Choice
Question 15 POST_UTME_BSU • 2018 • ECONOMICS • objective

A firm's demand curve is given by Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. The supply curve is given by Qs = 2P - 50. Find the elasticity of demand at the equilibrium price.

Answer Options

A. 0.5
Correct Answer B. 1
C. 2
D. 3
Correct Answer
B
Correct Option:
1

About This Question

This is Post Utme Bsu 2018 Economics Question 15. It is one of the objective questions from the 2018 Post Utme Bsu Economics examination.

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