Post Utme Osustech 2025 Economics Question 32

Practice objective / multiple choice question 32 from the 2025 Post Utme Osustech Economics examination.

Post Utme Osustech 2025 Economics Objective / Multiple Choice
Question 32 POST_UTME_OSUSTECH • 2025 • ECONOMICS • objective

A firm faces a demand curve with an elasticity of -3. If the firm increases its price by 5%, what is the percentage change in quantity demanded?

Answer Options

Correct Answer A. -15%
B. -10%
C. -5%
D. 0%
Correct Answer
A
Correct Option:
-15%

About This Question

This is Post Utme Osustech 2025 Economics Question 32. It is one of the objective questions from the 2025 Post Utme Osustech Economics examination.

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