Post Utme Ui 2020 Economics Question 19

Practice objective / multiple choice question 19 from the 2020 Post Utme Ui Economics examination.

Post Utme Ui 2020 Economics Objective / Multiple Choice
Question 19 POST_UTME_UI • 2020 • ECONOMICS • objective

A government imposes a tax on a firm's output. The firm's supply curve shifts to the left, and the new supply curve is given by the equation S = 100 - 2x. What is the price elasticity of supply at x = 20?

Answer Options

A. 0.5
B. 1
Correct Answer C. 2
D. 3
Correct Answer
C
Correct Option:
2

About This Question

This is Post Utme Ui 2020 Economics Question 19. It is one of the objective questions from the 2020 Post Utme Ui Economics examination.

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