Post Utme Futo 2025 Economics Question 36

Practice objective / multiple choice question 36 from the 2025 Post Utme Futo Economics examination.

Post Utme Futo 2025 Economics Objective / Multiple Choice

Question 36 POST_UTME_FUTO • 2025 • ECONOMICS • objective

Suppose 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 -2, what is the percentage change in quantity demanded when the price increases by 10%?

Correct Answer A. 20%

B. 30%

C. 40%

D. 50%

Correct Answer

Correct Option:

20%

This is Post Utme Futo 2025 Economics Question 36. It is one of the objective questions from the 2025 Post Utme Futo Economics examination.

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