Post Utme Futa 2025 Economics Question 6

Practice objective / multiple choice question 6 from the 2025 Post Utme Futa Economics examination.

Post Utme Futa 2025 Economics Objective / Multiple Choice
Question 6 POST_UTME_FUTA • 2025 • ECONOMICS • objective

Determine the price elasticity of demand for a product whose price elasticity of supply is 0.5 and whose cross-price elasticity of demand with respect to a complementary good is -2. Assuming the product is a normal good.

Answer Options

A. 0.25
Correct Answer B. 0.5
C. 1
D. 2
Correct Answer
B
Correct Option:
0.5

About This Question

This is Post Utme Futa 2025 Economics Question 6. It is one of the objective questions from the 2025 Post Utme Futa Economics examination.

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