Post Utme Eksu 2022 Economics Question 13
Practice objective / multiple choice question 13 from the 2022 Post Utme Eksu Economics examination.
A firm's total revenue is given by the equation TR = 100P^2, where TR is the total revenue and P is the price. If the price elasticity of demand is 2, what is the percentage change in price that will lead to a 10% increase in total revenue?
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About This Question
This is Post Utme Eksu 2022 Economics Question 13. It is one of the objective questions from the 2022 Post Utme Eksu Economics examination.
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