Post Utme Lautech 2018 Economics Question 6
Practice objective / multiple choice question 6 from the 2018 Post Utme Lautech Economics examination.
The demand for a commodity 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 0.5, find the percentage change in quantity demanded when the price increases by 10%.
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About This Question
This is Post Utme Lautech 2018 Economics Question 6. It is one of the objective questions from the 2018 Post Utme Lautech Economics examination.
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