Post Utme Redeemers University 2025 Economics Question 22

Practice objective / multiple choice question 22 from the 2025 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2025 Economics Objective / Multiple Choice
Question 22 POST_UTME_REDEEMERS_UNIVERSITY • 2025 • ECONOMICS • objective

The demand function for a product is given by \( Q = 100 - 2P \). If the price elasticity of demand is 0.5, what is the price at which the quantity demanded is 50?

Answer Options

Correct Answer A. ₦25
B. ₦30
C. ₦35
D. ₦40
Correct Answer
A
Correct Option:
₦25

About This Question

This is Post Utme Redeemers University 2025 Economics Question 22. It is one of the objective questions from the 2025 Post Utme Redeemers University Economics examination.

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