Post Utme Noun 2023 Economics Question 7

Practice objective / multiple choice question 7 from the 2023 Post Utme Noun Economics examination.

Post Utme Noun 2023 Economics Objective / Multiple Choice
Question 7 POST_UTME_NOUN • 2023 • ECONOMICS • objective

A firm's demand function is given by \( Q = 100 - 2P \). If the price elasticity of demand is 0.5, find the price at which the firm will sell 50 units.

Answer Options

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

About This Question

This is Post Utme Noun 2023 Economics Question 7. It is one of the objective questions from the 2023 Post Utme Noun Economics examination.

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