Post Utme Futo 2020 Economics Question 2
Practice objective / multiple choice question 2 from the 2020 Post Utme Futo Economics examination.
A firm's demand curve 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 calculated to be 0.5, what is the percentage change in quantity demanded for a 10% increase in price?
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About This Question
This is Post Utme Futo 2020 Economics Question 2. It is one of the objective questions from the 2020 Post Utme Futo Economics examination.
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