Post Utme Rsu 2021 Commerce Question 26

Practice objective / multiple choice question 26 from the 2021 Post Utme Rsu Commerce examination.

Post Utme Rsu 2021 Commerce Objective / Multiple Choice
Question 26 POST_UTME_RSU • 2021 • COMMERCE • objective

The following diagram shows a supply and demand curve for a product. If the price elasticity of demand is 0.5, what is the percentage change in quantity demanded if the price increases by 10%?

Answer Options

Correct Answer A. 5%
B. 10%
C. 20%
D. 30%
Correct Answer
A
Correct Option:
5%

About This Question

This is Post Utme Rsu 2021 Commerce Question 26. It is one of the objective questions from the 2021 Post Utme Rsu Commerce examination.

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