Post Utme Osustech 2017 Commerce Question 19
Practice objective / multiple choice question 19 from the 2017 Post Utme Osustech Commerce examination.
A firm's demand function for a good is given by Q = 100 - 2P, where Q is the quantity demanded and P is the price. If the firm's revenue function is given by R = PQ, what is the price elasticity of demand at a price of 20 units of currency?
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About This Question
This is Post Utme Osustech 2017 Commerce Question 19. It is one of the objective questions from the 2017 Post Utme Osustech Commerce examination.
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