Post Utme Lautech 2025 Economics Question 10

Practice objective / multiple choice question 10 from the 2025 Post Utme Lautech Economics examination.

Post Utme Lautech 2025 Economics Objective / Multiple Choice
Question 10 POST_UTME_LAUTECH • 2025 • ECONOMICS • objective

A firm has a demand curve given by Q = 100 - 2P and a supply curve given by Q = 10 + 3P. What is the elasticity of demand at a price of ₦20?

Answer Options

Correct Answer A. 0.5
B. 1
C. 2
D. 3
Correct Answer
A
Correct Option:
0.5

About This Question

This is Post Utme Lautech 2025 Economics Question 10. It is one of the objective questions from the 2025 Post Utme Lautech Economics examination.

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