Post Utme Futa 2022 Economics Question 28

Practice objective / multiple choice question 28 from the 2022 Post Utme Futa Economics examination.

Post Utme Futa 2022 Economics Objective / Multiple Choice
Question 28 POST_UTME_FUTA • 2022 • ECONOMICS • objective

A firm's demand curve is given by Q = 100 - 2P. If the firm increases its price from 20 to 30, what will happen to its quantity demanded?

Answer Options

A. Quantity demanded will increase by 10 units
Correct Answer B. Quantity demanded will decrease by 10 units
C. Quantity demanded will remain the same
D. Quantity demanded will increase by 20 units
Correct Answer
B
Correct Option:
Quantity demanded will decrease by 10 units

About This Question

This is Post Utme Futa 2022 Economics Question 28. It is one of the objective questions from the 2022 Post Utme Futa Economics examination.

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