Post Utme Skyline University 2020 Commerce Question 35

Practice objective / multiple choice question 35 from the 2020 Post Utme Skyline University Commerce examination.

Post Utme Skyline University 2020 Commerce Objective / Multiple Choice
Question 35 POST_UTME_SKYLINE_UNIVERSITY • 2020 • COMMERCE • objective

A firm's demand function is given by Q = 100 - 2P, where Q is quantity demanded and P is price. If the firm wants to increase quantity demanded by 20%, what price (P) should it set?

Answer Options

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

About This Question

This is Post Utme Skyline University 2020 Commerce Question 35. It is one of the objective questions from the 2020 Post Utme Skyline University Commerce examination.

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