Post Utme Ims U 2019 Economics Question 19

Practice objective / multiple choice question 19 from the 2019 Post Utme Ims U Economics examination.

Post Utme Ims U 2019 Economics Objective / Multiple Choice
Question 19 POST_UTME_IMS_U • 2019 • ECONOMICS • objective

A firm's elasticity of demand is given by E = -2. If the price of the good increases by 10%, what is the percentage change in quantity demanded?

Answer Options

Correct Answer A. -20%
B. -10%
C. 10%
D. 20%
Correct Answer
A
Correct Option:
-20%

About This Question

This is Post Utme Ims U 2019 Economics Question 19. It is one of the objective questions from the 2019 Post Utme Ims U Economics examination.

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