Post Utme Futo 2019 Commerce Question 40

Practice objective / multiple choice question 40 from the 2019 Post Utme Futo Commerce examination.

Post Utme Futo 2019 Commerce Objective / Multiple Choice
Question 40 POST_UTME_FUTO • 2019 • COMMERCE • objective

A firm's demand function is given by Q = 100 - 2P, where Q is quantity demanded and P is price. If the price increases from 10 to 15 units, what is the percentage change in quantity demanded?

Answer Options

A. 10%
Correct Answer B. 20%
C. 30%
D. 40%
Correct Answer
B
Correct Option:
20%

About This Question

This is Post Utme Futo 2019 Commerce Question 40. It is one of the objective questions from the 2019 Post Utme Futo Commerce examination.

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