Post Utme Nile University 2025 Economics Question 4

Practice objective / multiple choice question 4 from the 2025 Post Utme Nile University Economics examination.

Post Utme Nile University 2025 Economics Objective / Multiple Choice
Question 4 POST_UTME_NILE_UNIVERSITY • 2025 • ECONOMICS • objective

A monopolist faces a demand curve with an elasticity of -4. If the monopolist increases its price by 20%, what is the percentage change in quantity demanded?

Answer Options

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

About This Question

This is Post Utme Nile University 2025 Economics Question 4. It is one of the objective questions from the 2025 Post Utme Nile University Economics examination.

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