Post Utme Unilorin 2022 Economics Question 6

Practice objective / multiple choice question 6 from the 2022 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2022 Economics Objective / Multiple Choice
Question 6 POST_UTME_UNILORIN • 2022 • ECONOMICS • objective

A firm's demand curve is given by the equation Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. If the price elasticity of demand is 0.5, find the price at which the quantity demanded is 60 units.

Answer Options

A. ₦20
Correct Answer B. ₦30
C. ₦40
D. ₦50
Correct Answer
B
Correct Option:
₦30

About This Question

This is Post Utme Unilorin 2022 Economics Question 6. It is one of the objective questions from the 2022 Post Utme Unilorin Economics examination.

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