Post Utme Mountain Top University 2017 Commerce Question 20

Practice objective / multiple choice question 20 from the 2017 Post Utme Mountain Top University Commerce examination.

Post Utme Mountain Top University 2017 Commerce Objective / Multiple Choice
Question 20 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2017 • COMMERCE • objective

A firm's demand function is given by Q = 100 - 2P. What is the price elasticity of demand (PED) when Q = 50?

Answer Options

A. 0.5
B. 1
Correct Answer C. 2
D. 3
Correct Answer
C
Correct Option:
2

About This Question

This is Post Utme Mountain Top University 2017 Commerce Question 20. It is one of the objective questions from the 2017 Post Utme Mountain Top University Commerce examination.

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