Post Utme Wellspring University 2017 Economics Question 27
Practice objective / multiple choice question 27 from the 2017 Post Utme Wellspring University Economics examination.
A country's GDP is 100 billion naira. The government decides to increase the price of a commodity by 20%. If the price elasticity of demand is 0.5, what is the percentage change in the quantity demanded?
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About This Question
This is Post Utme Wellspring University 2017 Economics Question 27. It is one of the objective questions from the 2017 Post Utme Wellspring University Economics examination.
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