Post Utme Madonna University 2025 Economics Question 20

Practice objective / multiple choice question 20 from the 2025 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2025 Economics Objective / Multiple Choice
Question 20 POST_UTME_MADONNA_UNIVERSITY • 2025 • ECONOMICS • objective

A firm's demand function is given by Q = 100 - 2P. If the price elasticity of demand is -2, what is the price at which the firm sells 80 units?

Answer Options

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

About This Question

This is Post Utme Madonna University 2025 Economics Question 20. It is one of the objective questions from the 2025 Post Utme Madonna University Economics examination.

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