Post Utme Esut 2022 Economics Question 18

Practice objective / multiple choice question 18 from the 2022 Post Utme Esut Economics examination.

Post Utme Esut 2022 Economics Objective / Multiple Choice
Question 18 POST_UTME_ESUT • 2022 • ECONOMICS • objective

A firm's demand function is given by Q = 100 - 2P, where Q is quantity demanded and P is price. If the firm's revenue is ₦10,000, what is the price elasticity of demand?

Answer Options

Correct Answer A. 0.5
B. 1
C. 2
D. 3
Correct Answer
A
Correct Option:
0.5

About This Question

This is Post Utme Esut 2022 Economics Question 18. It is one of the objective questions from the 2022 Post Utme Esut Economics examination.

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