Post Utme Caleb University 2022 Economics Question 37

Practice objective / multiple choice question 37 from the 2022 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2022 Economics Objective / Multiple Choice
Question 37 POST_UTME_CALEB_UNIVERSITY • 2022 • ECONOMICS • objective

A firm's demand curve is given by the equation Q = 100 - 2P, where Q is quantity demanded and P is price. If the firm wants to increase its revenue by 20%, how much should it increase its price?

Answer Options

A. 10
B. 20
Correct Answer C. 30
D. 40
Correct Answer
C
Correct Option:
30

About This Question

This is Post Utme Caleb University 2022 Economics Question 37. It is one of the objective questions from the 2022 Post Utme Caleb University Economics examination.

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