Post Utme Unilag 2025 Economics Question 11
Practice objective / multiple choice question 11 from the 2025 Post Utme Unilag Economics examination.
A firm operating in a perfectly competitive market is faced with a downward-sloping demand curve. If the firm increases its output from 100 units to 120 units, its total revenue increases by ₦120,000. What is the price elasticity of demand for the firm's product?
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About This Question
This is Post Utme Unilag 2025 Economics Question 11. It is one of the objective questions from the 2025 Post Utme Unilag Economics examination.
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