Post Utme Osustech 2017 Commerce Question 9

Practice objective / multiple choice question 9 from the 2017 Post Utme Osustech Commerce examination.

Post Utme Osustech 2017 Commerce Objective / Multiple Choice
Question 9 POST_UTME_OSUSTECH • 2017 • COMMERCE • objective

A firm's demand function is given by Qd = 100 - 2P. What is the price elasticity of demand?

Answer Options

Correct Answer A. PED = -1
B. PED = 1
C. PED = -2
D. PED = 2
Correct Answer
A
Correct Option:
PED = -1

About This Question

This is Post Utme Osustech 2017 Commerce Question 9. It is one of the objective questions from the 2017 Post Utme Osustech Commerce examination.

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