Post Utme Osustech 2021 Commerce Question 18

Practice objective / multiple choice question 18 from the 2021 Post Utme Osustech Commerce examination.

Post Utme Osustech 2021 Commerce Objective / Multiple Choice
Question 18 POST_UTME_OSUSTECH • 2021 • COMMERCE • objective

A firm's demand function is given by Q = 100 - 2P, where Q is quantity demanded and P is price. If the price is increased by 20%, what is the new quantity demanded?

Answer Options

A. 80
B. 90
C. 100
Correct Answer D. 110
Correct Answer
D
Correct Option:
110

About This Question

This is Post Utme Osustech 2021 Commerce Question 18. It is one of the objective questions from the 2021 Post Utme Osustech Commerce examination.

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