Post Utme Caleb University 2024 Economics Question 9

Practice objective / multiple choice question 9 from the 2024 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2024 Economics Objective / Multiple Choice
Question 9 POST_UTME_CALEB_UNIVERSITY • 2024 • ECONOMICS • objective

A firm's demand function is given by Q = 100 - 2P. If the firm's current price is P = 20, find the consumer surplus.

Answer Options

Correct Answer A. ₦2500
B. ₦2000
C. ₦3000
D. ₦4000
Correct Answer
A
Correct Option:
₦2500

About This Question

This is Post Utme Caleb University 2024 Economics Question 9. It is one of the objective questions from the 2024 Post Utme Caleb University Economics examination.

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