Post Utme Nile University 2023 Commerce Question 23

Practice objective / multiple choice question 23 from the 2023 Post Utme Nile University Commerce examination.

Post Utme Nile University 2023 Commerce Objective / Multiple Choice
Question 23 POST_UTME_NILE_UNIVERSITY • 2023 • COMMERCE • objective

A firm's demand function is given by Q = 100 - 2P. If the price elasticity of demand is -2, what is the price at which the firm should sell?

Answer Options

A. ₦20
B. ₦30
Correct Answer C. ₦40
D. ₦50
Correct Answer
C
Correct Option:
₦40

About This Question

This is Post Utme Nile University 2023 Commerce Question 23. It is one of the objective questions from the 2023 Post Utme Nile University Commerce examination.

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