Post Utme Elizade University 2022 Economics Question 2
Practice objective / multiple choice question 2 from the 2022 Post Utme Elizade University Economics examination.
A country's import demand function is given by M = 100 - 2P, where M is imports and P is the price of the imported good. If the price of the imported good increases by 20%, what is the percentage change in imports?
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About This Question
This is Post Utme Elizade University 2022 Economics Question 2. It is one of the objective questions from the 2022 Post Utme Elizade University Economics examination.
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