Post Utme Babcock University 2025 Economics Question 37

Practice objective / multiple choice question 37 from the 2025 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2025 Economics Objective / Multiple Choice
Question 37 POST_UTME_BABCOCK_UNIVERSITY • 2025 • ECONOMICS • objective

A country's supply function is given by Q = 100 + 2P, where Q is quantity supplied and P is price. If the country's price increases by 20%, what is the percentage change in quantity supplied?

Answer Options

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

About This Question

This is Post Utme Babcock University 2025 Economics Question 37. It is one of the objective questions from the 2025 Post Utme Babcock University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support