Post Utme Veritas University 2017 Commerce Question 18

Practice objective / multiple choice question 18 from the 2017 Post Utme Veritas University Commerce examination.

Post Utme Veritas University 2017 Commerce Objective / Multiple Choice
Question 18 POST_UTME_VERITAS_UNIVERSITY • 2017 • COMMERCE • objective

A firm's demand function is given by Q = 100 - 2P. If the firm's marginal revenue is 50, what is the price elasticity of demand?

Answer Options

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

About This Question

This is Post Utme Veritas University 2017 Commerce Question 18. It is one of the objective questions from the 2017 Post Utme Veritas University Commerce examination.

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