Post Utme Veritas University 2024 Commerce Question 10

Practice objective / multiple choice question 10 from the 2024 Post Utme Veritas University Commerce examination.

Post Utme Veritas University 2024 Commerce Objective / Multiple Choice
Question 10 POST_UTME_VERITAS_UNIVERSITY • 2024 • COMMERCE • objective

A firm's demand curve is given by the equation Q = 100 - 2P, where Q is the quantity demanded and P is the price. What is the price elasticity of demand?

Answer Options

Correct Answer A. -0.5
B. 0.5
C. -1
D. 1
Correct Answer
A
Correct Option:
-0.5

About This Question

This is Post Utme Veritas University 2024 Commerce Question 10. It is one of the objective questions from the 2024 Post Utme Veritas University Commerce examination.

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