Post Utme Elizade University 2020 Commerce Question 33

Practice objective / multiple choice question 33 from the 2020 Post Utme Elizade University Commerce examination.

Post Utme Elizade University 2020 Commerce Objective / Multiple Choice
Question 33 POST_UTME_ELIZADE_UNIVERSITY • 2020 • COMMERCE • objective

A consumer protection agency has identified a product with the following features: price = ₦100, quantity demanded = 50 units, and price elasticity of demand = 2. What is the cross-price elasticity of demand?

Answer Options

A. -1
B. 1
Correct Answer C. 2
D. -2
Correct Answer
C
Correct Option:
2

About This Question

This is Post Utme Elizade University 2020 Commerce Question 33. It is one of the objective questions from the 2020 Post Utme Elizade University Commerce examination.

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