Post Utme Mountain Top University 2017 Economics Question 5

Practice objective / multiple choice question 5 from the 2017 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2017 Economics Objective / Multiple Choice
Question 5 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2017 • ECONOMICS • objective

A monopolist faces a demand curve with the following equation: Q = 100 - 2P. If the monopolist's marginal \cost is cons\tant at 10, what is the elasticity of demand?

Answer Options

A. Elastic
Correct Answer B. Inelastic
C. Unit Elastic
D. Perfectly Elastic
Correct Answer
B
Correct Option:
Inelastic

About This Question

This is Post Utme Mountain Top University 2017 Economics Question 5. It is one of the objective questions from the 2017 Post Utme Mountain Top University Economics examination.

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