Post Utme Lead City University 2022 Economics Question 21

Practice objective / multiple choice question 21 from the 2022 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2022 Economics Objective / Multiple Choice
Question 21 POST_UTME_LEAD_CITY_UNIVERSITY • 2022 • ECONOMICS • objective

A firm's demand curve is given by 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 price at which the quantity demanded is 60?

Answer Options

A. ₦20
Correct Answer B. ₦30
C. ₦40
D. ₦50
Correct Answer
B
Correct Option:
₦30

About This Question

This is Post Utme Lead City University 2022 Economics Question 21. It is one of the objective questions from the 2022 Post Utme Lead City University Economics examination.

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