Post Utme Summit University 2019 Economics Question 16
Practice objective / multiple choice question 16 from the 2019 Post Utme Summit University Economics examination.
A perfectly competitive market has a downward-sloping demand curve and a horizontal supply curve. If the market equilibrium price is ₦100, and the price elasticity of demand is 0.5, what is the price elasticity of supply?
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About This Question
This is Post Utme Summit University 2019 Economics Question 16. It is one of the objective questions from the 2019 Post Utme Summit University Economics examination.
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