Post Utme Lasu 2018 Economics Question 39

Practice objective / multiple choice question 39 from the 2018 Post Utme Lasu Economics examination.

Post Utme Lasu 2018 Economics Objective / Multiple Choice
Question 39 POST_UTME_LASU • 2018 • ECONOMICS • objective

A firm is producing a good with a total revenue of ₦2,000 and a total \cost of ₦1,800. The price elasticity of demand for the good is 1.5. What is the price elasticity of supply?

Answer Options

A. 0.67
Correct Answer B. 1.33
C. 2
D. 3
Correct Answer
B
Correct Option:
1.33

About This Question

This is Post Utme Lasu 2018 Economics Question 39. It is one of the objective questions from the 2018 Post Utme Lasu Economics examination.

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