Post Utme Joseph Ayo Babalola University 2017 Economics Question 33

Practice objective / multiple choice question 33 from the 2017 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2017 Economics Objective / Multiple Choice
Question 33 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2017 • ECONOMICS • objective

The demand for a product is given by the equation Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. If the price is increased by 10%, what is the new quantity demanded?

Answer Options

A. 80
B. 90
C. 100
Correct Answer D. 110
Correct Answer
D
Correct Option:
110

About This Question

This is Post Utme Joseph Ayo Babalola University 2017 Economics Question 33. It is one of the objective questions from the 2017 Post Utme Joseph Ayo Babalola University Economics examination.

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