Post Utme Skyline University 2020 Economics Question 8

Practice objective / multiple choice question 8 from the 2020 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2020 Economics Objective / Multiple Choice
Question 8 POST_UTME_SKYLINE_UNIVERSITY • 2020 • ECONOMICS • objective

A firm's demand function is given by Q = 100 - 2P, where Q is quantity demanded and P is price. If the price is increased by 10%, what is the new quantity demanded?

Answer Options

A. 90
Correct Answer B. 95
C. 100
D. 105
Correct Answer
B
Correct Option:
95

About This Question

This is Post Utme Skyline University 2020 Economics Question 8. It is one of the objective questions from the 2020 Post Utme Skyline University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support