Post Utme Summit University 2025 Economics Question 8

Practice objective / multiple choice question 8 from the 2025 Post Utme Summit University Economics examination.

Post Utme Summit University 2025 Economics Objective / Multiple Choice
Question 8 POST_UTME_SUMMIT_UNIVERSITY • 2025 • ECONOMICS • objective

A firm's elasticity of demand is given by E_d = -2. If the firm increases its price by 10%, what is the percentage change in quantity demanded?

Answer Options

Correct Answer A. -20%
B. -15%
C. -10%
D. -5%
Correct Answer
A
Correct Option:
-20%

About This Question

This is Post Utme Summit University 2025 Economics Question 8. It is one of the objective questions from the 2025 Post Utme Summit University Economics examination.

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