Post Utme Caleb University 2022 Commerce Question 29

Practice objective / multiple choice question 29 from the 2022 Post Utme Caleb University Commerce examination.

Post Utme Caleb University 2022 Commerce Objective / Multiple Choice
Question 29 POST_UTME_CALEB_UNIVERSITY • 2022 • COMMERCE • objective

A firm's demand function is given by Q = 100 - 2P. If the firm's current price is P = 20, what is the firm's current quantity demanded?

Answer Options

A. 40
Correct Answer B. 60
C. 80
D. 100
Correct Answer
B
Correct Option:
60

About This Question

This is Post Utme Caleb University 2022 Commerce Question 29. It is one of the objective questions from the 2022 Post Utme Caleb University Commerce 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