Post Utme Futa 2018 Economics Question 17

Practice objective / multiple choice question 17 from the 2018 Post Utme Futa Economics examination.

Post Utme Futa 2018 Economics Objective / Multiple Choice
Question 17 POST_UTME_FUTA • 2018 • ECONOMICS • objective

A firm is producing a product with a total revenue of ₦120,000 and a total \cost of ₦80,000. If the price elasticity of demand is 0.8, what is the price elasticity of supply?

Answer Options

A. 0.6
Correct Answer B. 0.8
C. 1.0
D. 1.2
Correct Answer
B
Correct Option:
0.8

About This Question

This is Post Utme Futa 2018 Economics Question 17. It is one of the objective questions from the 2018 Post Utme Futa Economics examination.

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