Post Utme Pan Atlantic University 2025 Economics Question 21

Practice objective / multiple choice question 21 from the 2025 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2025 Economics Objective / Multiple Choice
Question 21 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2025 • ECONOMICS • objective

The demand for a product is given by the equation Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. If the price elasticity of demand is 0.5, what is the price at which the quantity demanded is 50?

Answer Options

A. ₦20
Correct Answer B. ₦30
C. ₦40
D. ₦50
Correct Answer
B
Correct Option:
₦30

About This Question

This is Post Utme Pan Atlantic University 2025 Economics Question 21. It is one of the objective questions from the 2025 Post Utme Pan Atlantic University Economics examination.

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