Post Utme Mountain Top University 2022 Economics Question 6
Practice objective / multiple choice question 6 from the 2022 Post Utme Mountain Top University Economics examination.
The demand for a commodity is inversely related to its price. If the price of the commodity increases from ₦100 to ₦120, and the quantity demanded decreases from 100 units to 80 units, what is the price elasticity of demand?
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About This Question
This is Post Utme Mountain Top University 2022 Economics Question 6. It is one of the objective questions from the 2022 Post Utme Mountain Top University Economics examination.
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