Post Utme Christopher University 2019 Economics Question 5

Practice objective / multiple choice question 5 from the 2019 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2019 Economics Objective / Multiple Choice
Question 5 POST_UTME_CHRISTOPHER_UNIVERSITY • 2019 • ECONOMICS • objective

A firm's demand function is given by Q = 100 - 2P, where Q is quantity demanded and P is price. If the firm increases price from $20 to $30, what is the percentage change in quantity demanded?

Answer Options

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

About This Question

This is Post Utme Christopher University 2019 Economics Question 5. It is one of the objective questions from the 2019 Post Utme Christopher University Economics examination.

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