Post Utme Caleb University 2022 Commerce Question 24

Practice objective / multiple choice question 24 from the 2022 Post Utme Caleb University Commerce examination.

Post Utme Caleb University 2022 Commerce Objective / Multiple Choice
Question 24 POST_UTME_CALEB_UNIVERSITY • 2022 • COMMERCE • objective

A firm's demand function is given by Q = 100 - 2P. If the firm's price is 20, what is the level of output?

Answer Options

A. 60
Correct Answer B. 80
C. 100
D. 120
Correct Answer
B
Correct Option:
80

About This Question

This is Post Utme Caleb University 2022 Commerce Question 24. It is one of the objective questions from the 2022 Post Utme Caleb University Commerce examination.

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