Post Utme Summit University 2020 Commerce Question 17

Practice objective / multiple choice question 17 from the 2020 Post Utme Summit University Commerce examination.

Post Utme Summit University 2020 Commerce Objective / Multiple Choice

Question 17 POST_UTME_SUMMIT_UNIVERSITY • 2020 • COMMERCE • objective

A firm's revenue is maximized when the price elasticity of demand is

Answer Options

A. Less than 1

Correct Answer B. Greater than 1

C. Equal to 1

D. Negative

Correct Answer

Correct Option:

Greater than 1

About This Question

This is Post Utme Summit University 2020 Commerce Question 17. It is one of the objective questions from the 2020 Post Utme Summit University Commerce examination.

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