Post Utme Babcock University 2024 Economics Question 21

Practice objective / multiple choice question 21 from the 2024 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2024 Economics Objective / Multiple Choice
Question 21 POST_UTME_BABCOCK_UNIVERSITY • 2024 • ECONOMICS • objective

A firm's demand curve is given by Qd = 100 - 2P and its supply curve is given by Qs = 2P. If the firm's elasticity of supply is 2 and the price is ₦50, what is the quantity supplied?

Answer Options

Correct Answer A. 50 units
B. 25 units
C. 75 units
D. 100 units
Correct Answer
A
Correct Option:
50 units

About This Question

This is Post Utme Babcock University 2024 Economics Question 21. It is one of the objective questions from the 2024 Post Utme Babcock University Economics examination.

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