Post Utme Caleb University 2022 Economics Question 34

Practice objective / multiple choice question 34 from the 2022 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2022 Economics Objective / Multiple Choice
Question 34 POST_UTME_CALEB_UNIVERSITY • 2022 • ECONOMICS • objective

A firm's demand curve is given by Q = 100 - 2P. What is the price elasticity of demand at a price of $20?

Answer Options

Correct Answer A. 0.5
B. 1
C. 2
D. 5
Correct Answer
A
Correct Option:
0.5

About This Question

This is Post Utme Caleb University 2022 Economics Question 34. It is one of the objective questions from the 2022 Post Utme Caleb University Economics examination.

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