Post Utme Nile University 2020 Economics Question 1
Practice objective / multiple choice question 1 from the 2020 Post Utme Nile University Economics examination.
The elasticity of demand for a commodity is given by the formula \( eta = \frac{p}{x} \frac{dx}{dp} \). If the price elasticity of demand for a commodity is 0.5 and the price of the commodity increases by 10%, what is the percentage change in the quantity demanded?
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About This Question
This is Post Utme Nile University 2020 Economics Question 1. It is one of the objective questions from the 2020 Post Utme Nile University Economics examination.
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