Post Utme Unilorin 2018 Commerce Question 35

Practice objective / multiple choice question 35 from the 2018 Post Utme Unilorin Commerce examination.

Post Utme Unilorin 2018 Commerce Objective / Multiple Choice

Question 35 POST_UTME_UNILORIN • 2018 • COMMERCE • objective

A product's price elasticity of demand is 0.5. If the price of the product increases by 10%, calculate the percentage change in quantity demanded.

Answer Options

Correct Answer A. -5%

B. -5%

C. -5%

D. -5%

Correct Answer

Correct Option:

-5%

About This Question

This is Post Utme Unilorin 2018 Commerce Question 35. It is one of the objective questions from the 2018 Post Utme Unilorin Commerce examination.

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