Post Utme Osustech 2022 Commerce Question 4

Practice objective / multiple choice question 4 from the 2022 Post Utme Osustech Commerce examination.

Post Utme Osustech 2022 Commerce Objective / Multiple Choice
Question 4 POST_UTME_OSUSTECH • 2022 • COMMERCE • objective

A firm's demand function is given by Q = 100 - 2P. If the price of the good is increased by 20%, what is the percentage change in quantity demanded?

Answer Options

A. 5% decrease
B. 10% decrease
C. 15% decrease
Correct Answer D. 20% decrease
Correct Answer
D
Correct Option:
20% decrease

About This Question

This is Post Utme Osustech 2022 Commerce Question 4. It is one of the objective questions from the 2022 Post Utme Osustech Commerce examination.

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