Post Utme Ims U 2018 Economics Question 33

Practice objective / multiple choice question 33 from the 2018 Post Utme Ims U Economics examination.

Post Utme Ims U 2018 Economics Objective / Multiple Choice
Question 33 POST_UTME_IMS_U • 2018 • ECONOMICS • objective

Consider the following diagram of the supply and demand curves for a particular good. If the price elasticity of demand is -2 and the price elasticity of supply is 4, what is the equilibrium price?

Answer Options

A. ₦20
B. ₦30
Correct Answer C. ₦40
D. ₦50
Correct Answer
C
Correct Option:
₦40

About This Question

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

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