Post Utme Ui 2023 Economics Question 39

Practice objective / multiple choice question 39 from the 2023 Post Utme Ui Economics examination.

Post Utme Ui 2023 Economics Objective / Multiple Choice
Question 39 POST_UTME_UI • 2023 • ECONOMICS • objective

A firm's elasticity of demand is given by E = -2. If the price of the good increases 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 Ui 2023 Economics Question 39. It is one of the objective questions from the 2023 Post Utme Ui Economics examination.

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