Post Utme Esut 2024 Commerce Question 10

Practice objective / multiple choice question 10 from the 2024 Post Utme Esut Commerce examination.

Post Utme Esut 2024 Commerce Objective / Multiple Choice
Question 10 POST_UTME_ESUT • 2024 • COMMERCE • objective

A firm's demand curve is given by Qd = 100 - 2P. If the price elasticity of demand is -2, what is the price at which the firm will sell 50 units?

Answer Options

A. ₦20
Correct Answer B. ₦30
C. ₦40
D. ₦50
Correct Answer
B
Correct Option:
₦30

About This Question

This is Post Utme Esut 2024 Commerce Question 10. It is one of the objective questions from the 2024 Post Utme Esut Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support