Post Utme Igbinedion University 2018 Economics Question 33

Practice objective / multiple choice question 33 from the 2018 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2018 Economics Objective / Multiple Choice
Question 33 POST_UTME_IGBINEDION_UNIVERSITY • 2018 • ECONOMICS • objective

A firm's demand function is given by Q = 100 - 2P, where Q is quantity demanded and P is price. If the firm's current price is 20, what is the firm's current quantity demanded?

Answer Options

A. 40
Correct Answer B. 50
C. 60
D. 70
Correct Answer
B
Correct Option:
50

About This Question

This is Post Utme Igbinedion University 2018 Economics Question 33. It is one of the objective questions from the 2018 Post Utme Igbinedion University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support