Post Utme Covenant University 2021 Economics Question 23

Practice objective / multiple choice question 23 from the 2021 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2021 Economics Objective / Multiple Choice
Question 23 POST_UTME_COVENANT_UNIVERSITY • 2021 • ECONOMICS • objective

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

Answer Options

A. 80
B. 90
C. 100
Correct Answer D. 110
Correct Answer
D
Correct Option:
110

About This Question

This is Post Utme Covenant University 2021 Economics Question 23. It is one of the objective questions from the 2021 Post Utme Covenant University Economics examination.

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