Post Utme Delsu 2020 Economics Question 24

Practice objective / multiple choice question 24 from the 2020 Post Utme Delsu Economics examination.

Post Utme Delsu 2020 Economics Objective / Multiple Choice
Question 24 POST_UTME_DELSU • 2020 • ECONOMICS • objective

A firm's demand for labor is given by L = 100 - 2P, where P is the price of labor. If the price of labor increases by 10%, what is the new demand for labor?

Answer Options

A. 90
B. 95
C. 100
Correct Answer D. 105
Correct Answer
D
Correct Option:
105

About This Question

This is Post Utme Delsu 2020 Economics Question 24. It is one of the objective questions from the 2020 Post Utme Delsu Economics examination.

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