Post Utme Babcock University 2020 Economics Question 30

Practice objective / multiple choice question 30 from the 2020 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2020 Economics Objective / Multiple Choice
Question 30 POST_UTME_BABCOCK_UNIVERSITY • 2020 • ECONOMICS • objective

The supply of a product is given by the equation Qs = 2P + 10, where Qs is the quantity supplied and P is the price. If the price elasticity of supply is 0.2, find the price at which the quantity supplied is 20 units.

Answer Options

A. ₦10
B. ₦20
Correct Answer C. ₦30
D. ₦40
Correct Answer
C
Correct Option:
₦30

About This Question

This is Post Utme Babcock University 2020 Economics Question 30. It is one of the objective questions from the 2020 Post Utme Babcock University Economics examination.

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