Post Utme Futa 2023 Economics Question 6

Practice objective / multiple choice question 6 from the 2023 Post Utme Futa Economics examination.

Post Utme Futa 2023 Economics Objective / Multiple Choice
Question 6 POST_UTME_FUTA • 2023 • ECONOMICS • objective

The demand for a product is given by the equation Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. If the price elasticity of demand is 0.5, find the price at which the quantity demanded is 60 units.

Answer Options

A. ₦50
B. ₦75
Correct Answer C. ₦100
D. ₦125
Correct Answer
C
Correct Option:
₦100

About This Question

This is Post Utme Futa 2023 Economics Question 6. It is one of the objective questions from the 2023 Post Utme Futa Economics examination.

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