Post Utme Covenant University 2022 Economics Question 5
Practice objective / multiple choice question 5 from the 2022 Post Utme Covenant University Economics examination.
The supply of a commodity is given by the equation Qs = 100 + 2P, where Qs is the quantity supplied and P is the price. If the price elasticity of supply is 2, what is the percentage change in quantity supplied when the price increases by 10%?
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This is Post Utme Covenant University 2022 Economics Question 5. It is one of the objective questions from the 2022 Post Utme Covenant University Economics examination.
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