Post Utme Pan Atlantic University 2023 Economics Question 16
Practice objective / multiple choice question 16 from the 2023 Post Utme Pan Atlantic University Economics examination.
A firm's demand for labor is given by the equation Qd = 1000L^\( -0.5 \), where Qd is the quantity demanded and L is the wage rate. If the wage rate increases by 20%, calculate the percentage change in the quantity demanded.
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About This Question
This is Post Utme Pan Atlantic University 2023 Economics Question 16. It is one of the objective questions from the 2023 Post Utme Pan Atlantic University Economics examination.
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