Post Utme Crawford University 2019 Economics Question 6

Practice objective / multiple choice question 6 from the 2019 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2019 Economics Objective / Multiple Choice

Question 6 POST_UTME_CRAWFORD_UNIVERSITY • 2019 • ECONOMICS • objective

Determine the price elasticity of demand for a product whose price elasticity of demand is -2 and the percentage change in quantity demanded is 5%.

Answer Options

Correct Answer A. -10%

B. -5%

C. 0%

D. 10%

Correct Answer

Correct Option:

-10%

About This Question

This is Post Utme Crawford University 2019 Economics Question 6. It is one of the objective questions from the 2019 Post Utme Crawford University Economics examination.

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