Post Utme Joseph Ayo Babalola University 2025 Economics Question 13

Practice objective / multiple choice question 13 from the 2025 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2025 Economics Objective / Multiple Choice
Question 13 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2025 • ECONOMICS • objective

A firm's demand function is given by Q = 100 - 2P. If the firm's output is 60 units, what is the price elasticity of demand?

Answer Options

A. -1
Correct Answer B. -2
C. -3
D. -4
Correct Answer
B
Correct Option:
-2

About This Question

This is Post Utme Joseph Ayo Babalola University 2025 Economics Question 13. It is one of the objective questions from the 2025 Post Utme Joseph Ayo Babalola University Economics examination.

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