Post Utme Uniport 2019 Economics Question 34

Practice objective / multiple choice question 34 from the 2019 Post Utme Uniport Economics examination.

Post Utme Uniport 2019 Economics Objective / Multiple Choice
Question 34 POST_UTME_UNIPORT • 2019 • ECONOMICS • objective

A firm's demand function is given by \( Q = 100 - 2P \). If the price elasticity of demand is 2, what is the price elasticity of supply?

Answer Options

A. 0.5
B. 1
C. 2
Correct Answer D. 4
Correct Answer
D
Correct Option:
4

About This Question

This is Post Utme Uniport 2019 Economics Question 34. It is one of the objective questions from the 2019 Post Utme Uniport Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support