Post Utme Ims U 2025 Economics Question 32

Practice objective / multiple choice question 32 from the 2025 Post Utme Ims U Economics examination.

Post Utme Ims U 2025 Economics Objective / Multiple Choice
Question 32 POST_UTME_IMS_U • 2025 • ECONOMICS • objective

A country's elasticity of demand for a particular good is given by the equation E = -2P/Q. If the price (P) of the good is ₦20 and the quantity (Q) demanded is 100 units, what is the country's elasticity of demand?

Answer Options

A. 0.04
Correct Answer B. 0.08
C. 0.12
D. 0.16
Correct Answer
B
Correct Option:
0.08

About This Question

This is Post Utme Ims U 2025 Economics Question 32. It is one of the objective questions from the 2025 Post Utme Ims U Economics examination.

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