Post Utme Wellspring University 2018 Commerce Question 28

Practice objective / multiple choice question 28 from the 2018 Post Utme Wellspring University Commerce examination.

Post Utme Wellspring University 2018 Commerce Objective / Multiple Choice
Question 28 POST_UTME_WELLSPRING_UNIVERSITY • 2018 • COMMERCE • objective

A firm's demand function is given by Q = 100 - 2P, where Q is the quantity demanded and P is the price. If the firm wants to increase its revenue by 20%, what should be the new price?

Answer Options

A. ₦40
Correct Answer B. ₦50
C. ₦60
D. ₦70
Correct Answer
B
Correct Option:
₦50

About This Question

This is Post Utme Wellspring University 2018 Commerce Question 28. It is one of the objective questions from the 2018 Post Utme Wellspring University Commerce examination.

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