Post Utme Uniport 2017 Economics Question 11
Practice objective / multiple choice question 11 from the 2017 Post Utme Uniport Economics examination.
Suppose the demand for a product is given by the inverse demand function \( p = 100 - 2q \), where (p) is the price and (q) is the quantity demanded. If the price elasticity of demand is defined as \( E_d = \frac{dq}{dp} cdot \frac{p}{q} \), calculate the price elasticity of demand at a price of ₦50.
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About This Question
This is Post Utme Uniport 2017 Economics Question 11. It is one of the objective questions from the 2017 Post Utme Uniport Economics examination.
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