Post Utme Redeemers University 2023 Economics Question 30

Practice objective / multiple choice question 30 from the 2023 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2023 Economics Objective / Multiple Choice
Question 30 POST_UTME_REDEEMERS_UNIVERSITY • 2023 • ECONOMICS • objective

A firm's demand function is given by the equation Q = 100 - 2P, where Q is the quantity demanded and P is the price. If the price is ₦20, what is the value of the firm's quantity demanded?

Answer Options

A. 40
Correct Answer B. 50
C. 60
D. 70
Correct Answer
B
Correct Option:
50

About This Question

This is Post Utme Redeemers University 2023 Economics Question 30. It is one of the objective questions from the 2023 Post Utme Redeemers University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support