Post Utme Uniben 2019 Economics Question 20

Practice objective / multiple choice question 20 from the 2019 Post Utme Uniben Economics examination.

Post Utme Uniben 2019 Economics Objective / Multiple Choice
Question 20 POST_UTME_UNIBEN • 2019 • ECONOMICS • objective

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

Answer Options

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

About This Question

This is Post Utme Uniben 2019 Economics Question 20. It is one of the objective questions from the 2019 Post Utme Uniben Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support