Post Utme Skyline University 2018 Economics Question 39

Practice objective / multiple choice question 39 from the 2018 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2018 Economics Objective / Multiple Choice
Question 39 POST_UTME_SKYLINE_UNIVERSITY • 2018 • ECONOMICS • objective

A firm's demand function is Q = 100 - 2P, where Q is quantity demanded and P is price. If the firm's revenue is ₦1000, what is the price elasticity of demand?

Answer Options

A. -1
Correct Answer B. -2
C. -3
D. -4
Correct Answer
B
Correct Option:
-2

About This Question

This is Post Utme Skyline University 2018 Economics Question 39. It is one of the objective questions from the 2018 Post Utme Skyline University Economics examination.

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