Post Utme Ksu 2025 Economics Question 15

Practice objective / multiple choice question 15 from the 2025 Post Utme Ksu Economics examination.

Post Utme Ksu 2025 Economics Objective / Multiple Choice
Question 15 POST_UTME_KSU • 2025 • ECONOMICS • objective

Consider a firm that produces a good with a price elasticity of demand of 2. If the firm increases the price of the good by 10%, calculate the percentage change in quantity demanded.

Answer Options

Correct Answer A. -20%
B. -10%
C. 0%
D. 10%
Correct Answer
A
Correct Option:
-20%

About This Question

This is Post Utme Ksu 2025 Economics Question 15. It is one of the objective questions from the 2025 Post Utme Ksu Economics examination.

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