Post Utme Lautech 2018 Economics Question 22

Practice objective / multiple choice question 22 from the 2018 Post Utme Lautech Economics examination.

Post Utme Lautech 2018 Economics Objective / Multiple Choice
Question 22 POST_UTME_LAUTECH • 2018 • ECONOMICS • objective

A country's import demand function is given by \( MD = 100 - 2P \), where P is the price of the imported good. If the price of the imported good is $50, what is the quantity demanded?

Answer Options

A. 25 units
Correct Answer B. 30 units
C. 20 units
D. 40 units
Correct Answer
B
Correct Option:
30 units

About This Question

This is Post Utme Lautech 2018 Economics Question 22. It is one of the objective questions from the 2018 Post Utme Lautech Economics examination.

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