Post Utme Unilorin 2025 Economics Question 21
Practice objective / multiple choice question 21 from the 2025 Post Utme Unilorin Economics examination.
A firm's demand function is given by Q = 100 - 2P + 3Y, where Q is the quantity demanded, P is the price, and Y is the income. If the price elasticity of demand is -2 and the income elasticity of demand is 3, what is the percentage change in quantity demanded when the price increases by 10% and income increases by 20%?
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This is Post Utme Unilorin 2025 Economics Question 21. It is one of the objective questions from the 2025 Post Utme Unilorin Economics examination.
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