Post Utme Summit University 2020 Economics Question 33

Practice objective / multiple choice question 33 from the 2020 Post Utme Summit University Economics examination.

Post Utme Summit University 2020 Economics Objective / Multiple Choice

Question 33 POST_UTME_SUMMIT_UNIVERSITY • 2020 • ECONOMICS • objective

A consumer's budget is ₦1000. If the consumer's price elasticity of demand is 0.5, what is the optimal quantity to purchase?

Answer Options

A. Q = 10

Correct Answer B. Q = 20

C. Q = 30

D. Q = 40

Correct Answer

Correct Option:

Q = 20

About This Question

This is Post Utme Summit University 2020 Economics Question 33. It is one of the objective questions from the 2020 Post Utme Summit University Economics examination.

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