Post Utme Coal City University 2019 Economics Question 33
Practice objective / multiple choice question 33 from the 2019 Post Utme Coal City University Economics examination.
A firm's total revenue is given by the equation TR = 100P + 200, where TR is the total revenue and P is the price. If the price elasticity of demand is -2, what is the percentage change in total revenue when the price increases by 10%?
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About This Question
This is Post Utme Coal City University 2019 Economics Question 33. It is one of the objective questions from the 2019 Post Utme Coal City University Economics examination.
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