Post Utme Mountain Top University 2018 Economics Question 6
Practice objective / multiple choice question 6 from the 2018 Post Utme Mountain Top University Economics examination.
The demand for a commodity is given by the equation Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. If the price elasticity of demand is 0.5, find the percentage change in quantity demanded when the price increases by 10%.
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About This Question
This is Post Utme Mountain Top University 2018 Economics Question 6. It is one of the objective questions from the 2018 Post Utme Mountain Top University Economics examination.
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