Post Utme Ims U 2024 Economics Question 12

Practice objective / multiple choice question 12 from the 2024 Post Utme Ims U Economics examination.

Post Utme Ims U 2024 Economics Objective / Multiple Choice
Question 12 POST_UTME_IMS_U • 2024 • ECONOMICS • objective

A firm's demand function is given by \( Q = 100 - 2P \). If the price elasticity of demand is 0.5, find the value of the price at which the firm will sell 50 units.

Answer Options

A. ₦50
Correct Answer B. ₦75
C. ₦100
D. ₦125
Correct Answer
B
Correct Option:
₦75

About This Question

This is Post Utme Ims U 2024 Economics Question 12. It is one of the objective questions from the 2024 Post Utme Ims U Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support