Post Utme Igbinedion University 2020 Commerce Question 33
Practice objective / multiple choice question 33 from the 2020 Post Utme Igbinedion University Commerce examination.
A firm's demand function is given by Q = 100 - 2P, where Q is quantity demanded and P is price. If the price increases by 10%, what is the percentage change in quantity demanded?
Answer Options
About This Question
This is Post Utme Igbinedion University 2020 Commerce Question 33. 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.