Post Utme Igbinedion University 2020 Commerce Question 12
Practice objective / multiple choice question 12 from the 2020 Post Utme Igbinedion University Commerce examination.
A firm's demand function is given by Q = 100 - 2P, where Q is the quantity demanded and P is the price. If the firm increases its price from ₦50 to ₦60, by how many units will its quantity demanded decrease?
Answer Options
About This Question
This is Post Utme Igbinedion University 2020 Commerce Question 12. It is one of the objective questions from the 2020 Post Utme Igbinedion University Commerce examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.