Post Utme Esut 2024 Economics Question 32

Practice objective / multiple choice question 32 from the 2024 Post Utme Esut Economics examination.

Post Utme Esut 2024 Economics Objective / Multiple Choice

Question 32 POST_UTME_ESUT • 2024 • ECONOMICS • objective

A firm's demand function is given by Qd = 100 - 2P. The inverse demand function is

A. P = 50 - Q

Correct Answer B. P = 50 - \frac{1}{2}Q

C. P = 100 - Q

D. P = 100 - \frac{1}{2}Q

Correct Answer

Correct Option:

P = 50 - \frac{1}{2}Q

This is Post Utme Esut 2024 Economics Question 32. It is one of the objective questions from the 2024 Post Utme Esut Economics examination.

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