Post Utme Lasu 2025 Economics Question 19

Practice objective / multiple choice question 19 from the 2025 Post Utme Lasu Economics examination.

Post Utme Lasu 2025 Economics Objective / Multiple Choice
Question 19 POST_UTME_LASU • 2025 • ECONOMICS • objective

A firm's demand function is given by Q = 100 - 2P. If the price elasticity of demand is 0.5, determine the optimal price to maximize revenue.

Answer Options

A. ₦20
Correct Answer B. ₦30
C. ₦40
D. ₦50
Correct Answer
B
Correct Option:
₦30

About This Question

This is Post Utme Lasu 2025 Economics Question 19. It is one of the objective questions from the 2025 Post Utme Lasu Economics examination.

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