Post Utme Oau 2018 Economics Question 8

Practice objective / multiple choice question 8 from the 2018 Post Utme Oau Economics examination.

Post Utme Oau 2018 Economics Objective / Multiple Choice
Question 8 POST_UTME_OAU • 2018 • ECONOMICS • objective

A firm's demand function is given by Q = 100 - 2P. If the price elasticity of demand is 0.5, calculate the change in quantity demanded when the price increases by ₦10.

Answer Options

Correct Answer A. -20 units
B. -10 units
C. 10 units
D. 20 units
Correct Answer
A
Correct Option:
-20 units

About This Question

This is Post Utme Oau 2018 Economics Question 8. It is one of the objective questions from the 2018 Post Utme Oau Economics examination.

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