Post Utme Lautech 2021 Economics Question 17

Practice objective / multiple choice question 17 from the 2021 Post Utme Lautech Economics examination.

Post Utme Lautech 2021 Economics Objective / Multiple Choice
Question 17 POST_UTME_LAUTECH • 2021 • ECONOMICS • objective

A firm's demand function is given by Q = 100 - 2P. If the price elasticity of demand is calculated at a price of ₦20, determine the elasticity.

Answer Options

A. 0.5
B. 1
C. 2
Correct Answer D. -1
Correct Answer
D
Correct Option:
-1

About This Question

This is Post Utme Lautech 2021 Economics Question 17. It is one of the objective questions from the 2021 Post Utme Lautech Economics examination.

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