Post Utme Rsu 2023 Commerce Question 15

Practice objective / multiple choice question 15 from the 2023 Post Utme Rsu Commerce examination.

Post Utme Rsu 2023 Commerce Objective / Multiple Choice
Question 15 POST_UTME_RSU • 2023 • COMMERCE • objective

A firm's demand function is given by Q = 100 - 2P, where Q is the quantity demanded and P is the price. If the firm increases its price from ₦50 to ₦60, what is the percentage change in quantity demanded?

Answer Options

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

About This Question

This is Post Utme Rsu 2023 Commerce Question 15. It is one of the objective questions from the 2023 Post Utme Rsu Commerce examination.

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