Post Utme Oau 2018 Economics Question 22

Practice objective / multiple choice question 22 from the 2018 Post Utme Oau Economics examination.

Post Utme Oau 2018 Economics Objective / Multiple Choice
Question 22 POST_UTME_OAU • 2018 • ECONOMICS • objective

A firm is producing a good with a cons\tant elasticity of demand of 2. The price of the good is currently ₦100. If the firm wants to increase its revenue by 10%, what should be the new price of the good?

Answer Options

A. ₦110
Correct Answer B. ₦120
C. ₦130
D. ₦140
Correct Answer
B
Correct Option:
₦120

About This Question

This is Post Utme Oau 2018 Economics Question 22. It is one of the objective questions from the 2018 Post Utme Oau Economics examination.

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