Post Utme Lautech 2025 Economics Question 15

Practice objective / multiple choice question 15 from the 2025 Post Utme Lautech Economics examination.

Post Utme Lautech 2025 Economics Objective / Multiple Choice

Question 15 POST_UTME_LAUTECH • 2025 • ECONOMICS • objective

A firm's demand function is given by Q = 100 - 2P. If the price (P) increases by 10%, what will be the effect on the quantity demanded?

Answer Options

A. Quantity demanded will increase by 10%

Correct Answer B. Quantity demanded will decrease by 10%

C. Quantity demanded will remain unchanged

D. Quantity demanded will increase by 20%

Correct Answer

Correct Option:

Quantity demanded will decrease by 10%

About This Question

This is Post Utme Lautech 2025 Economics Question 15. It is one of the objective questions from the 2025 Post Utme Lautech Economics examination.

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