Post Utme Esut 2021 Commerce Question 14

Practice objective / multiple choice question 14 from the 2021 Post Utme Esut Commerce examination.

Post Utme Esut 2021 Commerce Objective / Multiple Choice
Question 14 POST_UTME_ESUT • 2021 • COMMERCE • objective

A firm's demand function is given by Q = 100 - 2P. If the firm's current price is P = 20, what is the firm's consumer surplus?

Answer Options

A. ₦1,000
Correct Answer B. ₦2,000
C. ₦3,000
D. ₦4,000
Correct Answer
B
Correct Option:
₦2,000

About This Question

This is Post Utme Esut 2021 Commerce Question 14. It is one of the objective questions from the 2021 Post Utme Esut Commerce examination.

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