Post Utme Ui 2024 Economics Question 5

Practice objective / multiple choice question 5 from the 2024 Post Utme Ui Economics examination.

Post Utme Ui 2024 Economics Objective / Multiple Choice
Question 5 POST_UTME_UI • 2024 • ECONOMICS • objective

A consumer's demand function for a product is given by Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. If the price of the product increases by 10%, what is the percentage change in quantity demanded?

Answer Options

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

About This Question

This is Post Utme Ui 2024 Economics Question 5. It is one of the objective questions from the 2024 Post Utme Ui Economics examination.

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