Post Utme Uniosun 2019 Economics Question 1

Practice objective / multiple choice question 1 from the 2019 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2019 Economics Objective / Multiple Choice
Question 1 POST_UTME_UNIOSUN • 2019 • ECONOMICS • objective

Determine the price elasticity of demand for a product with a price elasticity of -2 and a 10% increase in price.

Answer Options

A. -1.5
Correct Answer B. -2
C. -3
D. -4
Correct Answer
B
Correct Option:
-2

About This Question

This is Post Utme Uniosun 2019 Economics Question 1. It is one of the objective questions from the 2019 Post Utme Uniosun Economics examination.

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