Post Utme Futa 2022 Commerce Question 33

Practice objective / multiple choice question 33 from the 2022 Post Utme Futa Commerce examination.

Post Utme Futa 2022 Commerce Objective / Multiple Choice
Question 33 POST_UTME_FUTA • 2022 • 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 price elasticity of demand?

Answer Options

Correct Answer A. -1
B. -2
C. -3
D. -4
Correct Answer
A
Correct Option:
-1

About This Question

This is Post Utme Futa 2022 Commerce Question 33. It is one of the objective questions from the 2022 Post Utme Futa Commerce examination.

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