Post Utme Unilorin 2023 Economics Question 39

Practice objective / multiple choice question 39 from the 2023 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2023 Economics Objective / Multiple Choice
Question 39 POST_UTME_UNILORIN • 2023 • ECONOMICS • objective

A firm faces a demand curve given by Q = 50 - P. If the price elasticity of demand is 2, what is the price at which the firm will sell 40 units?

Answer Options

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

About This Question

This is Post Utme Unilorin 2023 Economics Question 39. It is one of the objective questions from the 2023 Post Utme Unilorin Economics examination.

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