Post Utme Wellspring University 2017 Economics Question 32

Practice objective / multiple choice question 32 from the 2017 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2017 Economics Objective / Multiple Choice
Question 32 POST_UTME_WELLSPRING_UNIVERSITY • 2017 • ECONOMICS • objective

A monopolist faces a demand curve with a price elasticity of -2. What is the price elasticity of the demand curve?

Answer Options

Correct Answer A. The price elasticity of the demand curve is -2.
B. The price elasticity of the demand curve is -1.
C. The price elasticity of the demand curve is 1.
D. The price elasticity of the demand curve is 2.
Correct Answer
A
Correct Option:
The price elasticity of the demand curve is -2.

About This Question

This is Post Utme Wellspring University 2017 Economics Question 32. It is one of the objective questions from the 2017 Post Utme Wellspring University Economics examination.

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