Post Utme Rhema University 2024 Economics Question 12

Practice objective / multiple choice question 12 from the 2024 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2024 Economics Objective / Multiple Choice
Question 12 POST_UTME_RHEMA_UNIVERSITY • 2024 • ECONOMICS • objective

A monopolistically competitive firm faces a demand curve given by Qd = 100 - 2P. If the firm produces at a level where MR = MC, what is the price elasticity of demand?

Answer Options

Correct Answer A. -2
B. -1
C. 1
D. 2
Correct Answer
A
Correct Option:
-2

About This Question

This is Post Utme Rhema University 2024 Economics Question 12. It is one of the objective questions from the 2024 Post Utme Rhema University Economics examination.

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