Post Utme Oau 2017 Economics Question 32

Practice objective / multiple choice question 32 from the 2017 Post Utme Oau Economics examination.

Post Utme Oau 2017 Economics Objective / Multiple Choice
Question 32 POST_UTME_OAU • 2017 • ECONOMICS • objective

The demand for a product is given by the equation Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. If the price elasticity of demand is 0.5, what is the value of Qd?

Answer Options

A. 50
B. 60
Correct Answer C. 70
D. 80
Correct Answer
C
Correct Option:
70

About This Question

This is Post Utme Oau 2017 Economics Question 32. It is one of the objective questions from the 2017 Post Utme Oau Economics examination.

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