Post Utme Eksu 2019 Economics Question 8

Practice objective / multiple choice question 8 from the 2019 Post Utme Eksu Economics examination.

Post Utme Eksu 2019 Economics Objective / Multiple Choice
Question 8 POST_UTME_EKSU • 2019 • ECONOMICS • objective

A consumer's demand function for a product is given by \( Q = 100 - 2P \). Find the elasticity of demand when the price is $20.

Answer Options

Correct Answer A. 0.5
B. 1
C. 2
D. 5
Correct Answer
A
Correct Option:
0.5

About This Question

This is Post Utme Eksu 2019 Economics Question 8. It is one of the objective questions from the 2019 Post Utme Eksu Economics examination.

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