Post Utme Uniosun 2020 Economics Question 1
Practice objective / multiple choice question 1 from the 2020 Post Utme Uniosun Economics examination.
The demand for a commodity is given by the equation Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. If the price elasticity of demand is defined as the percentage change in quantity demanded in response to a 1% change in price, calculate the price elasticity of demand.
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About This Question
This is Post Utme Uniosun 2020 Economics Question 1. It is one of the objective questions from the 2020 Post Utme Uniosun Economics examination.
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