Post Utme Lasu 2017 Commerce Question 8

Practice objective / multiple choice question 8 from the 2017 Post Utme Lasu Commerce examination.

Post Utme Lasu 2017 Commerce Objective / Multiple Choice
Question 8 POST_UTME_LASU • 2017 • COMMERCE • objective

A firm's demand function is given by Q = 100 - 2P. If the price of the good is increased by 20%, 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 Lasu 2017 Commerce Question 8. It is one of the objective questions from the 2017 Post Utme Lasu Commerce examination.

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