Post Utme Elizade University 2017 Economics Question 23

Practice objective / multiple choice question 23 from the 2017 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2017 Economics Objective / Multiple Choice
Question 23 POST_UTME_ELIZADE_UNIVERSITY • 2017 • ECONOMICS • objective

A government is considering a policy to increase the production of a certain crop. The supply curve for the crop is given by the equation Q = 100 + 2P, where P is the price per unit. If the government wants to increase production by 10 units, what should be the new price per unit?

Answer Options

A. ₦50
B. ₦60
Correct Answer C. ₦70
D. ₦80
Correct Answer
C
Correct Option:
₦70

About This Question

This is Post Utme Elizade University 2017 Economics Question 23. It is one of the objective questions from the 2017 Post Utme Elizade University Economics examination.

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