Post Utme Rhema University 2025 Commerce Question 30

Practice objective / multiple choice question 30 from the 2025 Post Utme Rhema University Commerce examination.

Post Utme Rhema University 2025 Commerce Objective / Multiple Choice
Question 30 POST_UTME_RHEMA_UNIVERSITY • 2025 • COMMERCE • objective

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

Answer Options

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

About This Question

This is Post Utme Rhema University 2025 Commerce Question 30. It is one of the objective questions from the 2025 Post Utme Rhema University Commerce examination.

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