Post Utme Nile University 2019 Economics Question 18

Practice objective / multiple choice question 18 from the 2019 Post Utme Nile University Economics examination.

Post Utme Nile University 2019 Economics Objective / Multiple Choice
Question 18 POST_UTME_NILE_UNIVERSITY • 2019 • ECONOMICS • objective

The elasticity of demand for a product is 0.5. If the price of the product increases by 10%, what is the percentage change in the quantity demanded?

Answer Options

A. -5%
Correct Answer B. -10%
C. -15%
D. -20%
Correct Answer
B
Correct Option:
-10%

About This Question

This is Post Utme Nile University 2019 Economics Question 18. It is one of the objective questions from the 2019 Post Utme Nile University Economics examination.

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