Post Utme Coal City University 2019 Economics Question 21

Practice objective / multiple choice question 21 from the 2019 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2019 Economics Objective / Multiple Choice
Question 21 POST_UTME_COAL_CITY_UNIVERSITY • 2019 • ECONOMICS • objective

The demand for a commodity is given by the equation Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. If the price elasticity of demand is 0.5, what is the price elasticity of supply?

Answer Options

A. 0.5
Correct Answer B. 1
C. 2
D. 3
Correct Answer
B
Correct Option:
1

About This Question

This is Post Utme Coal City University 2019 Economics Question 21. It is one of the objective questions from the 2019 Post Utme Coal City University Economics examination.

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