Post Utme Madonna University 2021 Economics Question 33

Practice objective / multiple choice question 33 from the 2021 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2021 Economics Objective / Multiple Choice
Question 33 POST_UTME_MADONNA_UNIVERSITY • 2021 • ECONOMICS • objective

A firm's demand function is given by Q = 100 - 2P, where Q is quantity demanded and P is price. If the firm's revenue is ₦10,000, what is the price elasticity of demand?

Answer Options

A. 0.5
Correct Answer B. 1
C. 2
D. 5
Correct Answer
B
Correct Option:
1

About This Question

This is Post Utme Madonna University 2021 Economics Question 33. It is one of the objective questions from the 2021 Post Utme Madonna University Economics examination.

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