Post Utme Futo 2022 Economics Question 21

Practice objective / multiple choice question 21 from the 2022 Post Utme Futo Economics examination.

Post Utme Futo 2022 Economics Objective / Multiple Choice
Question 21 POST_UTME_FUTO • 2022 • ECONOMICS • objective

The demand 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 cons\tant at 0.5, find the price at which the quantity demanded is 50 units.

Answer Options

Correct Answer A. ₦50
B. ₦100
C. ₦200
D. ₦500
Correct Answer
A
Correct Option:
₦50

About This Question

This is Post Utme Futo 2022 Economics Question 21. It is one of the objective questions from the 2022 Post Utme Futo Economics examination.

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