Post Utme Christopher University 2017 Commerce Question 5

Practice objective / multiple choice question 5 from the 2017 Post Utme Christopher University Commerce examination.

Post Utme Christopher University 2017 Commerce Objective / Multiple Choice
Question 5 POST_UTME_CHRISTOPHER_UNIVERSITY • 2017 • COMMERCE • objective

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

Answer Options

Correct Answer A. Inelastic
B. Unit elastic
C. Elastic
D. Perfectly elastic
Correct Answer
A
Correct Option:
Inelastic

About This Question

This is Post Utme Christopher University 2017 Commerce Question 5. It is one of the objective questions from the 2017 Post Utme Christopher University Commerce examination.

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