Post Utme Noun 2020 Economics Question 11

Practice objective / multiple choice question 11 from the 2020 Post Utme Noun Economics examination.

Post Utme Noun 2020 Economics Objective / Multiple Choice
Question 11 POST_UTME_NOUN • 2020 • ECONOMICS • objective

Calculate the value of the elasticity of demand for a commodity whose price elasticity of demand is 0.5 and whose price increases by 10%.

Answer Options

Correct Answer A. 0.5
B. 0.6
C. 0.7
D. 0.8
Correct Answer
A
Correct Option:
0.5

About This Question

This is Post Utme Noun 2020 Economics Question 11. It is one of the objective questions from the 2020 Post Utme Noun Economics examination.

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