Post Utme Afe Babalola University 2024 Economics Question 34

Practice objective / multiple choice question 34 from the 2024 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2024 Economics Objective / Multiple Choice
Question 34 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2024 • ECONOMICS • objective

A firm's supply function is given by Q = 100 + 2P. If the price elasticity of supply is 2, what is the price at which the firm will supply 120 units?

Answer Options

A. ₦20
B. ₦30
C. ₦40
Correct Answer D. ₦50
Correct Answer
D
Correct Option:
₦50

About This Question

This is Post Utme Afe Babalola University 2024 Economics Question 34. It is one of the objective questions from the 2024 Post Utme Afe Babalola University Economics examination.

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