Post Utme Futo 2022 Economics Question 16

Practice objective / multiple choice question 16 from the 2022 Post Utme Futo Economics examination.

Post Utme Futo 2022 Economics Objective / Multiple Choice
Question 16 POST_UTME_FUTO • 2022 • ECONOMICS • objective

Calculate the value of the elasticity of demand for a product whose price elasticity is -2 and the percentage change in price is 10%.

Answer Options

Correct Answer A. 0.2
B. 0.5
C. 1.0
D. 2.0
Correct Answer
A
Correct Option:
0.2

About This Question

This is Post Utme Futo 2022 Economics Question 16. It is one of the objective questions from the 2022 Post Utme Futo Economics examination.

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