Post Utme Christopher University 2020 Economics Question 1

Practice objective / multiple choice question 1 from the 2020 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2020 Economics Objective / Multiple Choice
Question 1 POST_UTME_CHRISTOPHER_UNIVERSITY • 2020 • ECONOMICS • objective

In a perfectly competitive market, the supply curve is a straight line. If the price elasticity of demand is 2, and the demand curve is given by Qd = 100 - 2P, what is the price elasticity of supply?

Answer Options

A. 1
Correct Answer B. 2
C. 3
D. 4
Correct Answer
B
Correct Option:
2

About This Question

This is Post Utme Christopher University 2020 Economics Question 1. It is one of the objective questions from the 2020 Post Utme Christopher University Economics examination.

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