Post Utme Summit University 2017 Commerce Question 14

Practice objective / multiple choice question 14 from the 2017 Post Utme Summit University Commerce examination.

Post Utme Summit University 2017 Commerce Objective / Multiple Choice
Question 14 POST_UTME_SUMMIT_UNIVERSITY • 2017 • COMMERCE • objective

A firm's demand function is given by Q = 100 - 2P. If the firm's current price is P = 20, what is the firm's current quantity demanded?

Answer Options

A. 40
Correct Answer B. 60
C. 80
D. 100
Correct Answer
B
Correct Option:
60

About This Question

This is Post Utme Summit University 2017 Commerce Question 14. It is one of the objective questions from the 2017 Post Utme Summit University Commerce examination.

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