Post Utme Osustech 2020 Commerce Question 29

Practice objective / multiple choice question 29 from the 2020 Post Utme Osustech Commerce examination.

Post Utme Osustech 2020 Commerce Objective / Multiple Choice
Question 29 POST_UTME_OSUSTECH • 2020 • COMMERCE • objective

A firm's demand function is given by Q = 100 - 2P, where Q is quantity demanded and P is price. If the firm wants to increase revenue by 10%, what percentage increase in price is required?

Answer Options

A. 5% increase in price
Correct Answer B. 10% increase in price
C. 15% increase in price
D. 20% increase in price
Correct Answer
B
Correct Option:
10% increase in price

About This Question

This is Post Utme Osustech 2020 Commerce Question 29. It is one of the objective questions from the 2020 Post Utme Osustech Commerce examination.

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