Post Utme Lead City University 2023 General Studies Question 23
Practice objective / multiple choice question 23 from the 2023 Post Utme Lead City University General Studies examination.
A company wants to determine the optimal price for a new product. The demand equation is given by ( p = 100 - 2q ), where ( p ) is the price and ( q ) is the quantity demanded. What is the price elasticity of demand when the quantity demanded is 20 units?
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About This Question
This is Post Utme Lead City University 2023 General Studies Question 23. It is one of the objective questions from the 2023 Post Utme Lead City University General Studies examination.
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