Post Utme Eksu 2017 Economics Question 30

Practice objective / multiple choice question 30 from the 2017 Post Utme Eksu Economics examination.

Post Utme Eksu 2017 Economics Objective / Multiple Choice
Question 30 POST_UTME_EKSU • 2017 • ECONOMICS • objective

A firm's demand curve is given by Q = 100 - 2P. If the firm's price is increased by 20%, what will be the percentage change in quantity demanded?

Answer Options

A. -10%
Correct Answer B. -20%
C. -30%
D. -40%
Correct Answer
B
Correct Option:
-20%

About This Question

This is Post Utme Eksu 2017 Economics Question 30. It is one of the objective questions from the 2017 Post Utme Eksu Economics examination.

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