Post Utme Oau 2020 Commerce Question 15

Practice objective / multiple choice question 15 from the 2020 Post Utme Oau Commerce examination.

Post Utme Oau 2020 Commerce Objective / Multiple Choice
Question 15 POST_UTME_OAU • 2020 • COMMERCE • objective

A firm's demand function is given by Q = 100 - 2P, where Q is quantity demanded and P is price. If the firm wants to increase revenue by 20%, what price should it set?

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 2020 Commerce Question 15. It is one of the objective questions from the 2020 Post Utme Oau Commerce examination.

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