Post Utme Bells University 2023 Economics Question 16

Practice objective / multiple choice question 16 from the 2023 Post Utme Bells University Economics examination.

Post Utme Bells University 2023 Economics Objective / Multiple Choice
Question 16 POST_UTME_BELLS_UNIVERSITY • 2023 • ECONOMICS • objective

A firm's supply curve is given by Q = 2P + 10, where Q is the quantity supplied and P is the price. If the price elasticity of supply is calculated at a point where the quantity supplied is 30 units, what is the price elasticity of supply?

Answer Options

A. 0.5
B. 1
Correct Answer C. 2
D. 3
Correct Answer
C
Correct Option:
2

About This Question

This is Post Utme Bells University 2023 Economics Question 16. It is one of the objective questions from the 2023 Post Utme Bells University Economics examination.

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