Post Utme Elizade University 2019 Economics Question 12

Practice objective / multiple choice question 12 from the 2019 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2019 Economics Objective / Multiple Choice
Question 12 POST_UTME_ELIZADE_UNIVERSITY • 2019 • ECONOMICS • objective

The demand for a product is given by Q = 100 - 2P. If the price elasticity of demand is -2, what is the value of the price elasticity of demand when the price is ₦50?

Answer Options

A. ₦25
Correct Answer B. ₦50
C. ₦75
D. ₦100
Correct Answer
B
Correct Option:
₦50

About This Question

This is Post Utme Elizade University 2019 Economics Question 12. It is one of the objective questions from the 2019 Post Utme Elizade University Economics examination.

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