Post Utme Uniosun 2018 Economics Question 12

Practice objective / multiple choice question 12 from the 2018 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2018 Economics Objective / Multiple Choice
Question 12 POST_UTME_UNIOSUN • 2018 • 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 is increased by 10%, what is the percentage change in the quantity demanded?

Answer Options

A. -20%
Correct Answer B. -10%
C. 0%
D. 10%
Correct Answer
B
Correct Option:
-10%

About This Question

This is Post Utme Uniosun 2018 Economics Question 12. It is one of the objective questions from the 2018 Post Utme Uniosun Economics examination.

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