Post Utme Mountain Top University 2021 Economics Question 3
Practice objective / multiple choice question 3 from the 2021 Post Utme Mountain Top University Economics examination.
The government of Nigeria has introduced a new policy to increase the production of rice. The policy involves a 20% increase in the price of rice. Assuming the demand for rice is given by the equation Q = 100 - 2P, where Q is the quantity demanded and P is the price, and the initial price is ₦100, calculate the new quantity demanded.
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About This Question
This is Post Utme Mountain Top University 2021 Economics Question 3. It is one of the objective questions from the 2021 Post Utme Mountain Top University Economics examination.
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