Post Utme Lasu 2022 Economics Question 24

Practice objective / multiple choice question 24 from the 2022 Post Utme Lasu Economics examination.

Post Utme Lasu 2022 Economics Objective / Multiple Choice
Question 24 POST_UTME_LASU • 2022 • ECONOMICS • objective

A firm's demand curve is given by the equation Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. If the price elasticity of demand is -2, what is the price elasticity of demand when the quantity demanded is 80?

Answer Options

A. -1
B. -2
C. -3
D. -4
Correct Answer
N/A

About This Question

This is Post Utme Lasu 2022 Economics Question 24. It is one of the objective questions from the 2022 Post Utme Lasu Economics examination.

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