Post Utme Greenfield University 2023 Economics Question 2

Practice objective / multiple choice question 2 from the 2023 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2023 Economics Objective / Multiple Choice
Question 2 POST_UTME_GREENFIELD_UNIVERSITY • 2023 • ECONOMICS • objective

A firm operating in a perfectly competitive market has a demand curve given by \( Q = 100 - 2P \). If the firm produces 50 units, what is the price elasticity of demand?

Answer Options

A. 1
Correct Answer B. 2
C. 3
D. 4
Correct Answer
B
Correct Option:
2

About This Question

This is Post Utme Greenfield University 2023 Economics Question 2. It is one of the objective questions from the 2023 Post Utme Greenfield University Economics examination.

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