Post Utme Christopher University 2017 Economics Question 19

Practice objective / multiple choice question 19 from the 2017 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2017 Economics Objective / Multiple Choice
Question 19 POST_UTME_CHRISTOPHER_UNIVERSITY • 2017 • ECONOMICS • objective

A firm's demand function is given by Q = 100 - 2P and its \cost function is C(Q) = 2Q^2 + 10Q. If the firm's current price is P = 20, what is the elasticity of demand?

Answer Options

A. 0.5
Correct Answer B. 1
C. 2
D. 3
Correct Answer
B
Correct Option:
1

About This Question

This is Post Utme Christopher University 2017 Economics Question 19. It is one of the objective questions from the 2017 Post Utme Christopher University Economics examination.

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