Post Utme Delsu 2020 Economics Question 12

Practice objective / multiple choice question 12 from the 2020 Post Utme Delsu Economics examination.

Post Utme Delsu 2020 Economics Objective / Multiple Choice
Question 12 POST_UTME_DELSU • 2020 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P. The marginal revenue (MR) function is given by MR = 200 - 2Q. What is the price elasticity of demand (PED) at the point where Q = 20?

Answer Options

Correct Answer A. 0.5
B. 1
C. 2
D. 4
Correct Answer
A
Correct Option:
0.5

About This Question

This is Post Utme Delsu 2020 Economics Question 12. It is one of the objective questions from the 2020 Post Utme Delsu Economics examination.

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