Post Utme Madonna University 2023 Economics Question 6
Practice objective / multiple choice question 6 from the 2023 Post Utme Madonna University Economics examination.
A firm's demand function is given by Q = 100 - 2P + 3Y, where Q is the quantity demanded, P is the price, and Y is the income. If the price elasticity of demand is -2 and the income elasticity of demand is 3, what is the cross-price elasticity of demand?
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About This Question
This is Post Utme Madonna University 2023 Economics Question 6. It is one of the objective questions from the 2023 Post Utme Madonna University Economics examination.
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