Post Utme Redeemers University 2021 Economics Question 15

Practice objective / multiple choice question 15 from the 2021 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2021 Economics Objective / Multiple Choice
Question 15 POST_UTME_REDEEMERS_UNIVERSITY • 2021 • 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, find the price at which the quantity demanded is 60.

Answer Options

A. ₦80
B. ₦70
Correct Answer C. ₦60
D. ₦50
Correct Answer
C
Correct Option:
₦60

About This Question

This is Post Utme Redeemers University 2021 Economics Question 15. It is one of the objective questions from the 2021 Post Utme Redeemers University Economics examination.

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