Post Utme Elizade University 2022 Commerce Question 2

Practice objective / multiple choice question 2 from the 2022 Post Utme Elizade University Commerce examination.

Post Utme Elizade University 2022 Commerce Objective / Multiple Choice
Question 2 POST_UTME_ELIZADE_UNIVERSITY • 2022 • COMMERCE • objective

A firm's demand function is given by the equation ( P = 100 - 2Q ), where P is the price and Q is the quantity demanded. If the firm wants to increase its revenue by 10%, how much should it increase its price?

Answer Options

A. ₦5
Correct Answer B. ₦10
C. ₦20
D. ₦50
Correct Answer
B
Correct Option:
₦10

About This Question

This is Post Utme Elizade University 2022 Commerce Question 2. It is one of the objective questions from the 2022 Post Utme Elizade University Commerce examination.

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