Post Utme Rhema University 2024 Commerce Question 14

Practice objective / multiple choice question 14 from the 2024 Post Utme Rhema University Commerce examination.

Post Utme Rhema University 2024 Commerce Objective / Multiple Choice
Question 14 POST_UTME_RHEMA_UNIVERSITY • 2024 • COMMERCE • objective

A firm's demand function is given by Q = 100 - 2P. If the firm's price is increased by 20%, what is the new quantity demanded?

Answer Options

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

About This Question

This is Post Utme Rhema University 2024 Commerce Question 14. It is one of the objective questions from the 2024 Post Utme Rhema University Commerce examination.

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