Post Utme Summit University 2025 Commerce Question 22

Practice objective / multiple choice question 22 from the 2025 Post Utme Summit University Commerce examination.

Post Utme Summit University 2025 Commerce Objective / Multiple Choice
Question 22 POST_UTME_SUMMIT_UNIVERSITY • 2025 • COMMERCE • objective

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

Answer Options

A. 80
Correct Answer B. 60
C. 40
D. 20
Correct Answer
B
Correct Option:
60

About This Question

This is Post Utme Summit University 2025 Commerce Question 22. It is one of the objective questions from the 2025 Post Utme Summit University Commerce examination.

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