Post Utme Veritas University 2020 Economics Question 25

Practice objective / multiple choice question 25 from the 2020 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2020 Economics Objective / Multiple Choice
Question 25 POST_UTME_VERITAS_UNIVERSITY • 2020 • ECONOMICS • objective

U\sing the concept of elasticity of demand, determine the price elasticity of demand for a good when the quantity demanded is 100 units and the price elasticity of demand is 2.

Answer Options

A. 1
Correct Answer B. 2
C. 3
D. 4
Correct Answer
B
Correct Option:
2

About This Question

This is Post Utme Veritas University 2020 Economics Question 25. It is one of the objective questions from the 2020 Post Utme Veritas University Economics examination.

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