Post Utme Uniben 2024 Economics Question 33

Practice objective / multiple choice question 33 from the 2024 Post Utme Uniben Economics examination.

Post Utme Uniben 2024 Economics Objective / Multiple Choice
Question 33 POST_UTME_UNIBEN • 2024 • ECONOMICS • objective

A firm's demand function is given by Q = 100 - 2P, where Q is quantity demanded and P is price. If the firm increases its price from 20 naira to 25 naira, what is the percentage change in quantity demanded?

Answer Options

A. -10%
Correct Answer B. -20%
C. -30%
D. -40%
Correct Answer
B
Correct Option:
-20%

About This Question

This is Post Utme Uniben 2024 Economics Question 33. It is one of the objective questions from the 2024 Post Utme Uniben Economics examination.

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