Post Utme Futo 2025 Economics Question 30
Practice objective / multiple choice question 30 from the 2025 Post Utme Futo Economics examination.
A firm's elasticity of demand is given by the equation E = \( ΔQ/ΔP \) × \( P/Q \), where E is the elasticity of demand, ΔQ is the change in quantity demanded, ΔP is the change in price, P is the price, and Q is the quantity demanded. If the firm's demand function is given by Q = 100 - 2P, and the price is ₦50, what is the elasticity of demand?
Answer Options
About This Question
This is Post Utme Futo 2025 Economics Question 30. It is one of the objective questions from the 2025 Post Utme Futo Economics examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.