Post Utme Oau 2020 Commerce Question 6

Practice objective / multiple choice question 6 from the 2020 Post Utme Oau Commerce examination.

Post Utme Oau 2020 Commerce Objective / Multiple Choice
Question 6 POST_UTME_OAU • 2020 • COMMERCE • objective

The demand for a product is given by the equation Q = 100 - 2P, where Q is the quantity demanded and P is the price. If the price elasticity of demand is 0.5, find the price at which the quantity demanded is 50 units.

Answer Options

A. ₦20
Correct Answer B. ₦30
C. ₦40
D. ₦50
Correct Answer
B
Correct Option:
₦30

About This Question

This is Post Utme Oau 2020 Commerce Question 6. It is one of the objective questions from the 2020 Post Utme Oau Commerce examination.

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