Post Utme Joseph Ayo Babalola University 2025 Economics Question 31

Practice objective / multiple choice question 31 from the 2025 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2025 Economics Objective / Multiple Choice
Question 31 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2025 • 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 elasticity of demand is cons\tant at 0.5, find the price at which the quantity demanded is 60 units.

Answer Options

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

About This Question

This is Post Utme Joseph Ayo Babalola University 2025 Economics Question 31. It is one of the objective questions from the 2025 Post Utme Joseph Ayo Babalola University Economics examination.

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