Post Utme Unilag 2019 Economics Question 30

Practice objective / multiple choice question 30 from the 2019 Post Utme Unilag Economics examination.

Post Utme Unilag 2019 Economics Objective / Multiple Choice
Question 30 POST_UTME_UNILAG • 2019 • ECONOMICS • objective

The price elasticity of demand for a product is given by the equation E = -2P/Q. If the price of the product is ₦100 and the quantity demanded is 100 units, what is the price elasticity of demand?

Answer Options

Correct Answer A. -2
B. -1
C. 1
D. 2
Correct Answer
A
Correct Option:
-2

About This Question

This is Post Utme Unilag 2019 Economics Question 30. It is one of the objective questions from the 2019 Post Utme Unilag Economics examination.

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