Post Utme Lasu 2022 Economics Question 1

Practice objective / multiple choice question 1 from the 2022 Post Utme Lasu Economics examination.

Post Utme Lasu 2022 Economics Objective / Multiple Choice
Question 1 POST_UTME_LASU • 2022 • ECONOMICS • objective

A firm's demand for raw materials is given by the equation Q = 100 - 2P, where Q is the quantity demanded and P is the price. If the price of the raw material increases by 20%, what is the new quantity demanded?

Answer Options

Correct Answer A. 80
B. 60
C. 40
D. 20
Correct Answer
A
Correct Option:
80

About This Question

This is Post Utme Lasu 2022 Economics Question 1. It is one of the objective questions from the 2022 Post Utme Lasu Economics examination.

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