Post Utme Skyline University 2025 Economics Question 33

Practice objective / multiple choice question 33 from the 2025 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2025 Economics Objective / Multiple Choice
Question 33 POST_UTME_SKYLINE_UNIVERSITY • 2025 • ECONOMICS • objective

The demand for a product is given by the equation Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. If the price elasticity of demand is 0.5, find the percentage change in quantity demanded when the price increases by 10%.

Answer Options

Correct Answer A. 20%
B. 15%
C. 10%
D. 5%
Correct Answer
A
Correct Option:
20%

About This Question

This is Post Utme Skyline University 2025 Economics Question 33. It is one of the objective questions from the 2025 Post Utme Skyline University Economics examination.

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