Post Utme Lautech 2024 Economics Question 40
Practice objective / multiple choice question 40 from the 2024 Post Utme Lautech Economics examination.
The demand for a product 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, what is the percentage change in quantity demanded when the price decreases by 10%?
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This is Post Utme Lautech 2024 Economics Question 40. It is one of the objective questions from the 2024 Post Utme Lautech Economics examination.
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