Post Utme Ims U 2020 Economics Question 8

Practice objective / multiple choice question 8 from the 2020 Post Utme Ims U Economics examination.

Post Utme Ims U 2020 Economics Objective / Multiple Choice
Question 8 POST_UTME_IMS_U • 2020 • ECONOMICS • objective

The demand function for a product is given by p = 100 - 2q. If the price elasticity of demand is -2, what is the quantity demanded?

Answer Options

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

About This Question

This is Post Utme Ims U 2020 Economics Question 8. It is one of the objective questions from the 2020 Post Utme Ims U Economics examination.

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