Post Utme Coal City University 2023 Economics Question 13

Practice objective / multiple choice question 13 from the 2023 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2023 Economics Objective / Multiple Choice
Question 13 POST_UTME_COAL_CITY_UNIVERSITY • 2023 • ECONOMICS • objective

The supply curve for 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 0.8, what is the price at which the quantity supplied is 30?

Answer Options

A. ₦20
B. ₦30
C. ₦40
Correct Answer D. ₦50
Correct Answer
D
Correct Option:
₦50

About This Question

This is Post Utme Coal City University 2023 Economics Question 13. It is one of the objective questions from the 2023 Post Utme Coal City University Economics examination.

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