Post Utme Eksu 2024 Economics Question 15

Practice objective / multiple choice question 15 from the 2024 Post Utme Eksu Economics examination.

Post Utme Eksu 2024 Economics Objective / Multiple Choice
Question 15 POST_UTME_EKSU • 2024 • ECONOMICS • objective

A firm's demand curve is given by Q = 100 - 2P, where Q is quantity demanded and P is price. If the firm's price is increased by 20%, what is 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 2024 Economics Question 15. It is one of the objective questions from the 2024 Post Utme Eksu Economics examination.

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