Post Utme Osustech 2018 Commerce Question 7
Practice objective / multiple choice question 7 from the 2018 Post Utme Osustech Commerce examination.
A firm is considering expanding its operations to a new market. The market research indicates that the demand for the firm's product is price-elastic, with a price elasticity of -2. If the firm increases the price of its product by 10%, what will be the percentage change in demand?
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About This Question
This is Post Utme Osustech 2018 Commerce Question 7. It is one of the objective questions from the 2018 Post Utme Osustech Commerce examination.
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