Post Utme Mountain Top University 2024 Economics Question 8

Practice objective / multiple choice question 8 from the 2024 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2024 Economics Objective / Multiple Choice
Question 8 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2024 • ECONOMICS • objective

A firm's demand function for a product is given by Q = 100 - 2P, where Q is quantity demanded and P is price. If the firm wants to increase revenue by 20%, what percentage increase in price is required?

Answer Options

A. 10%
Correct Answer B. 20%
C. 30%
D. 40%
Correct Answer
B
Correct Option:
20%

About This Question

This is Post Utme Mountain Top University 2024 Economics Question 8. It is one of the objective questions from the 2024 Post Utme Mountain Top University Economics examination.

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