Post Utme Uniport 2019 Economics Question 27

Practice objective / multiple choice question 27 from the 2019 Post Utme Uniport Economics examination.

Post Utme Uniport 2019 Economics Objective / Multiple Choice
Question 27 POST_UTME_UNIPORT • 2019 • ECONOMICS • objective

A consumer's demand function for a good is given by Q = 100 - 2P, where Q is quantity demanded and P is price. If the consumer's income is ₦1000, calculate the price elasticity of demand.

Answer Options

A. 0.5
Correct Answer B. 1
C. 2
D. 5
Correct Answer
B
Correct Option:
1

About This Question

This is Post Utme Uniport 2019 Economics Question 27. It is one of the objective questions from the 2019 Post Utme Uniport Economics examination.

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