Post Utme Crawford University 2021 Commerce Question 3

Practice objective / multiple choice question 3 from the 2021 Post Utme Crawford University Commerce examination.

Post Utme Crawford University 2021 Commerce Objective / Multiple Choice
Question 3 POST_UTME_CRAWFORD_UNIVERSITY • 2021 • COMMERCE • objective

A firm's supply function is given by Q = 2P + 10, where Q is the quantity supplied and P is the price. If the price increases by 10%, what is the new quantity supplied?

Answer Options

A. 20
B. 22
Correct Answer C. 24
D. 26
Correct Answer
C
Correct Option:
24

About This Question

This is Post Utme Crawford University 2021 Commerce Question 3. It is one of the objective questions from the 2021 Post Utme Crawford University Commerce examination.

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