Post Utme Mountain Top University 2019 Economics Question 31
Practice objective / multiple choice question 31 from the 2019 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, what is 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 2019 Economics Question 31. It is one of the objective questions from the 2019 Post Utme Mountain Top University Economics examination.
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