Post Utme Nile University 2021 Economics Question 3
Practice objective / multiple choice question 3 from the 2021 Post Utme Nile University Economics examination.
A firm's demand function is given by Q = 100 - 2P, where Q is quantity demanded and P is price. If the price elasticity of demand is -2, what is the percentage change in quantity demanded if the price increases by 10%?
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About This Question
This is Post Utme Nile University 2021 Economics Question 3. It is one of the objective questions from the 2021 Post Utme Nile University Economics examination.
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