Post Utme Rsu 2017 Economics Question 1
Practice objective / multiple choice question 1 from the 2017 Post Utme Rsu Economics examination.
Determine the price elasticity of demand for a product whose price elasticity of demand is 0.5 and the quantity demanded is 100 units when the price is $10. If the price increases by 20% and the quantity demanded decreases by 15%, what is the new quantity demanded?
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About This Question
This is Post Utme Rsu 2017 Economics Question 1. It is one of the objective questions from the 2017 Post Utme Rsu Economics examination.
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