Post Utme Coal City University 2017 Economics Question 24

Practice objective / multiple choice question 24 from the 2017 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2017 Economics Objective / Multiple Choice
Question 24 POST_UTME_COAL_CITY_UNIVERSITY • 2017 • ECONOMICS • objective

The demand for a good is represented by the equation Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. What is the price elasticity of demand at a price of ₦50?

Answer Options

Correct Answer A. 0.5
B. 1
C. 2
D. 5
Correct Answer
A
Correct Option:
0.5

About This Question

This is Post Utme Coal City University 2017 Economics Question 24. It is one of the objective questions from the 2017 Post Utme Coal City University Economics examination.

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