Post Utme Eksu 2019 Economics Question 1
Practice objective / multiple choice question 1 from the 2019 Post Utme Eksu Economics examination.
Determine the price elasticity of demand for a product whose demand function is given by Q = 100 - 2P, where Q is the quantity demanded and P is the price. If the price increases by 10% and the quantity demanded decreases by 15%, what is the price elasticity of demand?
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About This Question
This is Post Utme Eksu 2019 Economics Question 1. It is one of the objective questions from the 2019 Post Utme Eksu Economics examination.
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