Post Utme Redeemers University 2025 Economics Question 13

Practice objective / multiple choice question 13 from the 2025 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2025 Economics Objective / Multiple Choice
Question 13 POST_UTME_REDEEMERS_UNIVERSITY • 2025 • ECONOMICS • objective

A firm's demand function is given by Q = 100 - 2P, where Q is quantity demanded and P is price. If the firm's price is increased by 10%, what is the percentage change in quantity demanded?

Answer Options

A. -10%
Correct Answer B. -12%
C. -15%
D. -18%
Correct Answer
B
Correct Option:
-12%

About This Question

This is Post Utme Redeemers University 2025 Economics Question 13. It is one of the objective questions from the 2025 Post Utme Redeemers University Economics examination.

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