Post Utme Caleb University 2025 Economics Question 15

Practice objective / multiple choice question 15 from the 2025 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2025 Economics Objective / Multiple Choice
Question 15 POST_UTME_CALEB_UNIVERSITY • 2025 • ECONOMICS • objective

A firm's supply function is given by Q = 50 + 2P. If the price elasticity of supply is 2, what is the price at which the quantity supplied is 120?

Answer Options

A. ₦30
B. ₦40
C. ₦50
Correct Answer D. ₦60
Correct Answer
D
Correct Option:
₦60

About This Question

This is Post Utme Caleb University 2025 Economics Question 15. It is one of the objective questions from the 2025 Post Utme Caleb University Economics examination.

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