Post Utme Elizade University 2019 Commerce Question 40

Practice objective / multiple choice question 40 from the 2019 Post Utme Elizade University Commerce examination.

Post Utme Elizade University 2019 Commerce Objective / Multiple Choice
Question 40 POST_UTME_ELIZADE_UNIVERSITY • 2019 • COMMERCE • objective

A firm's demand function is given by the equation Q = 100 - 2P, where P is the price. What is the elasticity of demand when P = ₦20?

Answer Options

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

About This Question

This is Post Utme Elizade University 2019 Commerce Question 40. It is one of the objective questions from the 2019 Post Utme Elizade University Commerce examination.

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