Post Utme Bsu 2020 Economics Question 24

Practice objective / multiple choice question 24 from the 2020 Post Utme Bsu Economics examination.

Post Utme Bsu 2020 Economics Objective / Multiple Choice
Question 24 POST_UTME_BSU • 2020 • ECONOMICS • objective

A firm's demand curve is given by Q = 100 - 2P. If the firm's current price is ₦20, what is the price elasticity of demand?

Answer Options

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

About This Question

This is Post Utme Bsu 2020 Economics Question 24. It is one of the objective questions from the 2020 Post Utme Bsu Economics examination.

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