Post Utme Greenfield University 2018 Economics Question 7

Practice objective / multiple choice question 7 from the 2018 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2018 Economics Objective / Multiple Choice
Question 7 POST_UTME_GREENFIELD_UNIVERSITY • 2018 • ECONOMICS • objective

A firm's demand function is given by Q = 100 - 2P. If the price elasticity of demand is cons\tant and equal to -2, what is the price at which the firm will sell 50 units?

Answer Options

A. ₦50
Correct Answer B. ₦75
C. ₦100
D. ₦125
Correct Answer
B
Correct Option:
₦75

About This Question

This is Post Utme Greenfield University 2018 Economics Question 7. It is one of the objective questions from the 2018 Post Utme Greenfield University Economics examination.

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