Post Utme Unilorin 2023 Economics Question 38

Practice objective / multiple choice question 38 from the 2023 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2023 Economics Objective / Multiple Choice
Question 38 POST_UTME_UNILORIN • 2023 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P. If the marginal revenue is ₦50, what is the price elasticity of demand?

Answer Options

Correct Answer A. 0.5
B. 1
C. 2
D. 3
Correct Answer
A
Correct Option:
0.5

About This Question

This is Post Utme Unilorin 2023 Economics Question 38. It is one of the objective questions from the 2023 Post Utme Unilorin Economics examination.

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