Post Utme Unilag 2020 Economics Question 4

Practice objective / multiple choice question 4 from the 2020 Post Utme Unilag Economics examination.

Post Utme Unilag 2020 Economics Objective / Multiple Choice
Question 4 POST_UTME_UNILAG • 2020 • ECONOMICS • objective

A monopolistically competitive firm faces a demand curve with a price elasticity of -2. What is the firm's optimal price?

Answer Options

A. ₦100
Correct Answer B. ₦120
C. ₦150
D. ₦180
Correct Answer
B
Correct Option:
₦120

About This Question

This is Post Utme Unilag 2020 Economics Question 4. It is one of the objective questions from the 2020 Post Utme Unilag Economics examination.

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