Post Utme Noun 2017 Commerce Question 15

Practice objective / multiple choice question 15 from the 2017 Post Utme Noun Commerce examination.

Post Utme Noun 2017 Commerce Objective / Multiple Choice

Question 15 POST_UTME_NOUN • 2017 • COMMERCE • objective

A firm's demand function is given by (p = 100 - 2x). What is the inverse demand function?

Correct Answer A. (x = 50 - rac{p}{2})

B. (x = 50 + rac{p}{2})

C. (x = 100 - rac{p}{2})

D. (x = 100 + rac{p}{2})

Correct Answer

Correct Option:

(x = 50 - rac{p}{2})

This is Post Utme Noun 2017 Commerce Question 15. It is one of the objective questions from the 2017 Post Utme Noun Commerce examination.

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