Post Utme Christopher University 2022 Economics Question 36

Practice objective / multiple choice question 36 from the 2022 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2022 Economics Objective / Multiple Choice
Question 36 POST_UTME_CHRISTOPHER_UNIVERSITY • 2022 • ECONOMICS • objective

Calculate the elasticity of demand for a product whose price elasticity of demand is 0.8 and the price increases by 10%.

Answer Options

Correct Answer A. 0.8
B. 0.9
C. 1.2
D. 1.5
Correct Answer
A
Correct Option:
0.8

About This Question

This is Post Utme Christopher University 2022 Economics Question 36. It is one of the objective questions from the 2022 Post Utme Christopher University Economics examination.

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