Post Utme Eksu 2018 Commerce Question 30

Practice objective / multiple choice question 30 from the 2018 Post Utme Eksu Commerce examination.

Post Utme Eksu 2018 Commerce Objective / Multiple Choice
Question 30 POST_UTME_EKSU • 2018 • COMMERCE • objective

A firm is considering two different marketing strategies: one that involves a high level of advertising and another that involves a low level of advertising. If the firm's demand function is given by Q = 100 - 2P and the price elasticity of demand is 0.5, which strategy should the firm choose?

Answer Options

Correct Answer A. High advertising
B. Low advertising
C. Both strategies are equally effective
D. Neither strategy is effective
Correct Answer
A
Correct Option:
High advertising

About This Question

This is Post Utme Eksu 2018 Commerce Question 30. It is one of the objective questions from the 2018 Post Utme Eksu Commerce examination.

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