Post Utme Futo 2018 Economics Question 10

Practice objective / multiple choice question 10 from the 2018 Post Utme Futo Economics examination.

Post Utme Futo 2018 Economics Objective / Multiple Choice
Question 10 POST_UTME_FUTO • 2018 • ECONOMICS • objective

A monopolist faces a demand curve given by the equation P = 100 - 2x. What is the price elasticity of demand (PED) at a quantity of 20 units?

Answer Options

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

About This Question

This is Post Utme Futo 2018 Economics Question 10. It is one of the objective questions from the 2018 Post Utme Futo Economics examination.

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