Post Utme Bsu 2025 Economics Question 11

Practice objective / multiple choice question 11 from the 2025 Post Utme Bsu Economics examination.

Post Utme Bsu 2025 Economics Objective / Multiple Choice
Question 11 POST_UTME_BSU • 2025 • ECONOMICS • objective

A perfectly competitive market has a downward-sloping demand curve for its product. If the market price falls from ₦100 to ₦80, and the quantity demanded increases from 100 units to 150 units, what is the price elasticity of demand?

Answer Options

A. 0.5
Correct Answer B. 1.0
C. 1.5
D. 2.0
Correct Answer
B
Correct Option:
1.0

About This Question

This is Post Utme Bsu 2025 Economics Question 11. It is one of the objective questions from the 2025 Post Utme Bsu Economics examination.

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