Post Utme Nile University 2020 Economics Question 6

Practice objective / multiple choice question 6 from the 2020 Post Utme Nile University Economics examination.

Post Utme Nile University 2020 Economics Objective / Multiple Choice
Question 6 POST_UTME_NILE_UNIVERSITY • 2020 • ECONOMICS • objective

The demand for a commodity is inversely related to its price. If the price of the commodity increases by 20%, what is the percentage change in the quantity demanded?

Answer Options

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

About This Question

This is Post Utme Nile University 2020 Economics Question 6. It is one of the objective questions from the 2020 Post Utme Nile University Economics examination.

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