Post Utme Futa 2025 Economics Question 1

Practice objective / multiple choice question 1 from the 2025 Post Utme Futa Economics examination.

Post Utme Futa 2025 Economics Objective / Multiple Choice
Question 1 POST_UTME_FUTA • 2025 • ECONOMICS • objective

Determine the elasticity of demand for a product whose price elasticity of demand is 0.8 and whose quantity demanded is 100 units when the price is ₦500.

Answer Options

A. 0.2
Correct Answer B. 0.8
C. 1.2
D. 1.5
Correct Answer
B
Correct Option:
0.8

About This Question

This is Post Utme Futa 2025 Economics Question 1. It is one of the objective questions from the 2025 Post Utme Futa Economics examination.

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