Post Utme Ui 2017 Economics Question 47

Practice objective / multiple choice question 47 from the 2017 Post Utme Ui Economics examination.

Post Utme Ui 2017 Economics Objective / Multiple Choice
Question 47 POST_UTME_UI • 2017 • ECONOMICS • objective

A firm's demand curve is given by the equation Qd = 100 - 2P. What is the firm's price elasticity of demand?

Answer Options

A. Unit elastic
Correct Answer B. Inelastic
C. Perfectly elastic
D. Perfectly inelastic
Correct Answer
B
Correct Option:
Inelastic

About This Question

This is Post Utme Ui 2017 Economics Question 47. It is one of the objective questions from the 2017 Post Utme Ui Economics examination.

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