Post Utme Ksu 2023 Economics Question 13

Practice objective / multiple choice question 13 from the 2023 Post Utme Ksu Economics examination.

Post Utme Ksu 2023 Economics Objective / Multiple Choice
Question 13 POST_UTME_KSU • 2023 • ECONOMICS • objective

A government is considering a policy to increase the price of a good to reduce its demand. The demand curve for the good is given by Qd = 100 - 2P. What is the price elasticity of demand at a price of 20?

Answer Options

Correct Answer A. 0.5
B. 1
C. 2
D. 5
Correct Answer
A
Correct Option:
0.5

About This Question

This is Post Utme Ksu 2023 Economics Question 13. It is one of the objective questions from the 2023 Post Utme Ksu Economics examination.

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