Post Utme Rhema University 2018 Economics Question 23

Practice objective / multiple choice question 23 from the 2018 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2018 Economics Objective / Multiple Choice
Question 23 POST_UTME_RHEMA_UNIVERSITY • 2018 • 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 is increased by 20%, what is the new quantity demanded?

Answer Options

A. 60
B. 80
C. 100
Correct Answer D. 120
Correct Answer
D
Correct Option:
120

About This Question

This is Post Utme Rhema University 2018 Economics Question 23. It is one of the objective questions from the 2018 Post Utme Rhema University Economics examination.

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