Post Utme Crawford University 2025 Economics Question 38

Practice objective / multiple choice question 38 from the 2025 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2025 Economics Objective / Multiple Choice
Question 38 POST_UTME_CRAWFORD_UNIVERSITY • 2025 • ECONOMICS • objective

The supply curve for a product is given by the equation Qs = 50 + 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%?

Answer Options

Correct Answer A. 20%
B. 10%
C. 5%
D. 15%
Correct Answer
A
Correct Option:
20%

About This Question

This is Post Utme Crawford University 2025 Economics Question 38. It is one of the objective questions from the 2025 Post Utme Crawford University Economics examination.

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