Post Utme Rsu 2019 Economics Question 20

Practice objective / multiple choice question 20 from the 2019 Post Utme Rsu Economics examination.

Post Utme Rsu 2019 Economics Objective / Multiple Choice
Question 20 POST_UTME_RSU • 2019 • ECONOMICS • objective

A firm's demand function is given by Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. If the price elasticity of demand is -2, what is the percentage change in quantity demanded when the price increases by 10%?

Answer Options

Correct Answer A. 20%
B. 30%
C. 40%
D. 50%
Correct Answer
A
Correct Option:
20%

About This Question

This is Post Utme Rsu 2019 Economics Question 20. It is one of the objective questions from the 2019 Post Utme Rsu Economics examination.

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