Post Utme Greenfield University 2017 Commerce Question 5

Practice objective / multiple choice question 5 from the 2017 Post Utme Greenfield University Commerce examination.

Post Utme Greenfield University 2017 Commerce Objective / Multiple Choice
Question 5 POST_UTME_GREENFIELD_UNIVERSITY • 2017 • COMMERCE • objective

A firm's demand curve is given by Qd = 100 - 2P. If the price elasticity of demand is constant, what is the price elasticity of demand?

Answer Options

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

About This Question

This is Post Utme Greenfield University 2017 Commerce Question 5. It is one of the objective questions from the 2017 Post Utme Greenfield University Commerce examination.

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