Post Utme Coal City University 2021 Commerce Question 32

Practice objective / multiple choice question 32 from the 2021 Post Utme Coal City University Commerce examination.

Post Utme Coal City University 2021 Commerce Objective / Multiple Choice
Question 32 POST_UTME_COAL_CITY_UNIVERSITY • 2021 • COMMERCE • objective

A firm's demand function is given by Q = 100 - 2P, where Q is the quantity demanded and P is the price. If the price increases by 20%, what is the percentage change in the quantity demanded?

Answer Options

A. -10%
Correct Answer B. -20%
C. -30%
D. -40%
Correct Answer
B
Correct Option:
-20%

About This Question

This is Post Utme Coal City University 2021 Commerce Question 32. It is one of the objective questions from the 2021 Post Utme Coal City University Commerce examination.

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