Post Utme Crawford University 2019 General Studies Question 3
Practice objective / multiple choice question 3 from the 2019 Post Utme Crawford University General Studies examination.
A company wants to determine the optimal price for a new product. The demand equation for the product is given by ( p = 100 - 2q ), where ( p ) is the price and ( q ) is the quantity demanded. What is the price elasticity of demand when the quantity demanded is 20 units?
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About This Question
This is Post Utme Crawford University 2019 General Studies Question 3. It is one of the objective questions from the 2019 Post Utme Crawford University General Studies examination.
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