Post Utme Bsu 2021 Economics Question 16

Practice objective / multiple choice question 16 from the 2021 Post Utme Bsu Economics examination.

Post Utme Bsu 2021 Economics Objective / Multiple Choice
Question 16 POST_UTME_BSU • 2021 • ECONOMICS • objective

The demand for a product is given by the equation Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. If the price elasticity of demand is 0.5, what is the price elasticity of supply?

Answer Options

A. 2
B. 0.5
C. 1
Correct Answer D. 0.25
Correct Answer
D
Correct Option:
0.25

About This Question

This is Post Utme Bsu 2021 Economics Question 16. It is one of the objective questions from the 2021 Post Utme Bsu Economics examination.

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