Post Utme Veritas University 2018 Commerce Question 34

Practice objective / multiple choice question 34 from the 2018 Post Utme Veritas University Commerce examination.

Post Utme Veritas University 2018 Commerce Objective / Multiple Choice
Question 34 POST_UTME_VERITAS_UNIVERSITY • 2018 • COMMERCE • objective

A firm's demand curve is given by the equation Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. If the firm's marginal revenue is ₦50, what is the price elasticity of demand?

Answer Options

Correct Answer A. 0.5
B. 1
C. 2
D. 3
Correct Answer
A
Correct Option:
0.5

About This Question

This is Post Utme Veritas University 2018 Commerce Question 34. It is one of the objective questions from the 2018 Post Utme Veritas University Commerce examination.

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