Post Utme Nile University 2017 Economics Question 32

Practice objective / multiple choice question 32 from the 2017 Post Utme Nile University Economics examination.

Post Utme Nile University 2017 Economics Objective / Multiple Choice
Question 32 POST_UTME_NILE_UNIVERSITY • 2017 • ECONOMICS • objective

A firm has a total revenue of ₦1.2 million and a total \cost of ₦800,000. If the firm's price elasticity of demand is 0.5, calculate the price elasticity of supply.

Answer Options

A. 0.2
B. 0.5
Correct Answer C. 1.0
D. 2.0
Correct Answer
C
Correct Option:
1.0

About This Question

This is Post Utme Nile University 2017 Economics Question 32. It is one of the objective questions from the 2017 Post Utme Nile University Economics examination.

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