Post Utme Crawford University 2020 Economics Question 19

Practice objective / multiple choice question 19 from the 2020 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2020 Economics Objective / Multiple Choice
Question 19 POST_UTME_CRAWFORD_UNIVERSITY • 2020 • ECONOMICS • objective

A firm's demand function is given by Q = 100 - 2P. U\sing the concept of elasticity of demand, determine the price elasticity of demand at P = 20.

Answer Options

A. Elastic
Correct Answer B. Inelastic
C. Unit elastic
D. Uncertain
Correct Answer
B
Correct Option:
Inelastic

About This Question

This is Post Utme Crawford University 2020 Economics Question 19. It is one of the objective questions from the 2020 Post Utme Crawford University Economics examination.

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