Post Utme Bsu 2020 Commerce Question 27

Practice objective / multiple choice question 27 from the 2020 Post Utme Bsu Commerce examination.

Post Utme Bsu 2020 Commerce Objective / Multiple Choice
Question 27 POST_UTME_BSU • 2020 • COMMERCE • objective

A firm's demand function is given by Q = 100 - 2P. If the price elasticity of demand is -2, what is the cross-price elasticity of demand with respect to the price of a complementary good?

Answer Options

A. -4
Correct Answer B. -2
C. 0
D. 2
Correct Answer
B
Correct Option:
-2

About This Question

This is Post Utme Bsu 2020 Commerce Question 27. It is one of the objective questions from the 2020 Post Utme Bsu Commerce examination.

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