Post Utme Unilorin 2021 Economics Question 12

Practice objective / multiple choice question 12 from the 2021 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2021 Economics Objective / Multiple Choice
Question 12 POST_UTME_UNILORIN • 2021 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P. What is the price elasticity of demand at a price of 50?

Answer Options

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

About This Question

This is Post Utme Unilorin 2021 Economics Question 12. It is one of the objective questions from the 2021 Post Utme Unilorin Economics examination.

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