Post Utme Ims U 2025 Economics Question 6

Practice objective / multiple choice question 6 from the 2025 Post Utme Ims U Economics examination.

Post Utme Ims U 2025 Economics Objective / Multiple Choice
Question 6 POST_UTME_IMS_U • 2025 • ECONOMICS • objective

Elasticity of demand for a product is measured by the percentage change in the quantity demanded in response to a 10% increase in the price of the product. If the elasticity of demand is 0.5, what is the percentage change in the quantity demanded?

Answer Options

Correct Answer A. 5%
B. 10%
C. 20%
D. 50%
Correct Answer
A
Correct Option:
5%

About This Question

This is Post Utme Ims U 2025 Economics Question 6. It is one of the objective questions from the 2025 Post Utme Ims U Economics examination.

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