Post Utme Lead City University 2019 Economics Question 2

Practice objective / multiple choice question 2 from the 2019 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2019 Economics Objective / Multiple Choice
Question 2 POST_UTME_LEAD_CITY_UNIVERSITY • 2019 • ECONOMICS • objective

Suppose a firm's demand function is given by Q = 100 - 2P. If the firm's current price is P = 20, what is the elasticity of demand at this price?

Answer Options

Correct Answer A. -1
B. 0
C. 1
D. 2
Correct Answer
A
Correct Option:
-1

About This Question

This is Post Utme Lead City University 2019 Economics Question 2. It is one of the objective questions from the 2019 Post Utme Lead City University Economics examination.

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