Post Utme Delsu 2024 Economics Question 6

Practice objective / multiple choice question 6 from the 2024 Post Utme Delsu Economics examination.

Post Utme Delsu 2024 Economics Objective / Multiple Choice
Question 6 POST_UTME_DELSU • 2024 • ECONOMICS • objective

The demand for a product is given by the equation Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. If the price elasticity of demand is -2, what is the price elasticity of supply?

Answer Options

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

About This Question

This is Post Utme Delsu 2024 Economics Question 6. It is one of the objective questions from the 2024 Post Utme Delsu Economics examination.

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