Post Utme Wellspring University 2021 Economics Question 36
Practice objective / multiple choice question 36 from the 2021 Post Utme Wellspring University Economics examination.
A firm operating in a perfectly competitive market is faced with a downward-sloping demand curve. If the firm increases its output from 100 units to 120 units, and the price per unit falls from ₦150 to ₦120, what is the price elasticity of demand?
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About This Question
This is Post Utme Wellspring University 2021 Economics Question 36. It is one of the objective questions from the 2021 Post Utme Wellspring University Economics examination.
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