Post Utme Christopher University 2023 Economics Question 32

Practice objective / multiple choice question 32 from the 2023 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2023 Economics Objective / Multiple Choice
Question 32 POST_UTME_CHRISTOPHER_UNIVERSITY • 2023 • ECONOMICS • objective

A firm has a demand function given by Q = 100 - 2P. If the price elasticity of demand is 2, what is the optimal price to maximize revenue?

Answer Options

A. $20
Correct Answer B. $30
C. $40
D. $50
Correct Answer
B
Correct Option:
$30

About This Question

This is Post Utme Christopher University 2023 Economics Question 32. It is one of the objective questions from the 2023 Post Utme Christopher University Economics examination.

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