Post Utme Ims U 2022 Commerce Question 11
Practice objective / multiple choice question 11 from the 2022 Post Utme Ims U Commerce examination.
The demand for a product is given by the equation Q = 100 - 2P, where Q is the quantity demanded and P is the price. If the price elasticity of demand is 0.5, what is the percentage change in quantity demanded when the price increases by 10%?
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This is Post Utme Ims U 2022 Commerce Question 11. It is one of the objective questions from the 2022 Post Utme Ims U Commerce examination.
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