Post Utme Oau 2023 Economics Question 25

Practice objective / multiple choice question 25 from the 2023 Post Utme Oau Economics examination.

Post Utme Oau 2023 Economics Objective / Multiple Choice
Question 25 POST_UTME_OAU • 2023 • ECONOMICS • objective

The demand for a good is given by the equation Q = 100 - 2P, where Q is the quantity demanded and P is the price. If the price increases from ₦10 to ₦15, what is the percentage change in quantity demanded?

Answer Options

A. 10%
Correct Answer B. 20%
C. 30%
D. 40%
Correct Answer
B
Correct Option:
20%

About This Question

This is Post Utme Oau 2023 Economics Question 25. It is one of the objective questions from the 2023 Post Utme Oau Economics examination.

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