Post Utme Lead City University 2022 Economics Question 26

Practice objective / multiple choice question 26 from the 2022 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2022 Economics Objective / Multiple Choice
Question 26 POST_UTME_LEAD_CITY_UNIVERSITY • 2022 • ECONOMICS • objective

A firm's demand curve is given by Q = 100 - 2P. If the price elasticity of demand is -2, what is the price elasticity of supply?

Answer Options

A. 1
Correct Answer B. 2
C. 3
D. 4
Correct Answer
B
Correct Option:
2

About This Question

This is Post Utme Lead City University 2022 Economics Question 26. It is one of the objective questions from the 2022 Post Utme Lead City University Economics examination.

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