Post Utme Skyline University 2023 Commerce Question 30

Practice objective / multiple choice question 30 from the 2023 Post Utme Skyline University Commerce examination.

Post Utme Skyline University 2023 Commerce Objective / Multiple Choice
Question 30 POST_UTME_SKYLINE_UNIVERSITY • 2023 • COMMERCE • objective

A foreign trade agreement between two countries has led to an increase in imports of a particular commodity. The demand function for the commodity is given by P = 100 - 2Q, where P is the price and Q is the quantity demanded. If the price of the commodity is ₦50, what is the quantity demanded?

Answer Options

A. 20
Correct Answer B. 25
C. 30
D. 35
Correct Answer
B
Correct Option:
25

About This Question

This is Post Utme Skyline University 2023 Commerce Question 30. It is one of the objective questions from the 2023 Post Utme Skyline University Commerce examination.

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