Post Utme Rhema University 2024 Commerce Question 39

Practice objective / multiple choice question 39 from the 2024 Post Utme Rhema University Commerce examination.

Post Utme Rhema University 2024 Commerce Objective / Multiple Choice
Question 39 POST_UTME_RHEMA_UNIVERSITY • 2024 • COMMERCE • objective

A firm's demand function is given by Q = 100 - 2P, where Q is quantity demanded and P is price. If the firm wants to increase revenue by 20%, what percentage increase in price is required?

Answer Options

A. 10%
Correct Answer B. 20%
C. 30%
D. 40%
Correct Answer
B
Correct Option:
20%

About This Question

This is Post Utme Rhema University 2024 Commerce Question 39. It is one of the objective questions from the 2024 Post Utme Rhema University Commerce examination.

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