Post Utme Veritas University 2019 Economics Question 32

Practice objective / multiple choice question 32 from the 2019 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2019 Economics Objective / Multiple Choice
Question 32 POST_UTME_VERITAS_UNIVERSITY • 2019 • ECONOMICS • objective

A firm's demand curve is given by Q = 100 - 2P. If the price elasticity of demand is calculated at a price of ₦50, the value of the elasticity is

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 2019 Economics Question 32. It is one of the objective questions from the 2019 Post Utme Veritas University Economics examination.

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