Post Utme Noun 2024 Economics Question 25

Practice objective / multiple choice question 25 from the 2024 Post Utme Noun Economics examination.

Post Utme Noun 2024 Economics Objective / Multiple Choice
Question 25 POST_UTME_NOUN • 2024 • ECONOMICS • objective

A firm's demand function is given by q = 100 - 2p. If the firm produces 50 units, what is the elasticity of demand?

Answer Options

A. 0.5
Correct Answer B. 1
C. 2
D. 3
Correct Answer
B
Correct Option:
1

About This Question

This is Post Utme Noun 2024 Economics Question 25. It is one of the objective questions from the 2024 Post Utme Noun Economics examination.

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