Post Utme Uniport 2018 Economics Question 14

Practice objective / multiple choice question 14 from the 2018 Post Utme Uniport Economics examination.

Post Utme Uniport 2018 Economics Objective / Multiple Choice

Question 14 POST_UTME_UNIPORT • 2018 • ECONOMICS • objective

A firm's demand function is given by Q = 100 - 2P. If the firm's revenue is ₦1,000,000, what is the price elasticity of demand?

Answer Options

Correct Answer A. -2

B. -1

C. 1

D. 2

Correct Answer

Correct Option:

-2

About This Question

This is Post Utme Uniport 2018 Economics Question 14. It is one of the objective questions from the 2018 Post Utme Uniport Economics examination.

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