Post Utme Delsu 2019 Economics Question 39

Practice objective / multiple choice question 39 from the 2019 Post Utme Delsu Economics examination.

Post Utme Delsu 2019 Economics Objective / Multiple Choice
Question 39 POST_UTME_DELSU • 2019 • ECONOMICS • objective

The demand function for a commodity is given by p = 100 - 2x, where p is the price and x is the quantity demanded. If the supply function is given by p = 50 + 3x, find the elasticity of demand at x = 20.

Answer Options

Correct Answer A. 0.5
B. 1
C. 2
D. 3
Correct Answer
A
Correct Option:
0.5

About This Question

This is Post Utme Delsu 2019 Economics Question 39. It is one of the objective questions from the 2019 Post Utme Delsu Economics examination.

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