Post Utme Abu 2023 Economics Question 22
Practice objective / multiple choice question 22 from the 2023 Post Utme Abu Economics examination.
The supply of a product is given by the equation Qs = 50 + 3P, where Qs is the quantity supplied and P is the price. If the price elasticity of supply is 2, find the percentage change in quantity supplied when the price increases by 15%.
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About This Question
This is Post Utme Abu 2023 Economics Question 22. It is one of the objective questions from the 2023 Post Utme Abu Economics examination.
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