Post Utme Covenant University 2017 Economics Question 31

Practice objective / multiple choice question 31 from the 2017 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2017 Economics Objective / Multiple Choice

Question 31 POST_UTME_COVENANT_UNIVERSITY • 2017 • ECONOMICS • objective

A monopolist faces a market demand curve given by Q = 100 - 2P. The inverse demand function is

Answer Options

Correct Answer A. P = 50 - 0.5Q

B. P = 50 + 0.5Q

C. P = 50 - 0.1Q

D. P = 50 + 0.1Q

Correct Answer

Correct Option:

P = 50 - 0.5Q

About This Question

This is Post Utme Covenant University 2017 Economics Question 31. It is one of the objective questions from the 2017 Post Utme Covenant University Economics examination.

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