Post Utme Summit University 2018 Economics Question 32
Practice objective / multiple choice question 32 from the 2018 Post Utme Summit University Economics examination.
A firm's demand for labor is given by the equation Qd = 100L^\( -0.5 \), where Qd is the quantity of labor demanded and L is the wage rate. If the wage rate increases by 20%, what is the percentage change in the quantity of labor demanded?
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About This Question
This is Post Utme Summit University 2018 Economics Question 32. It is one of the objective questions from the 2018 Post Utme Summit University Economics examination.
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