Post Utme Elizade University 2022 Economics Question 4

Practice objective / multiple choice question 4 from the 2022 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2022 Economics Objective / Multiple Choice
Question 4 POST_UTME_ELIZADE_UNIVERSITY • 2022 • ECONOMICS • objective

A country's export supply function is given by X = 100 + 2P, where X is exports and P is the price of the exported good. If the price of the exported good increases by 20%, what is the percentage change in exports?

Answer Options

A. 20%
Correct Answer B. 25%
C. 30%
D. 35%
Correct Answer
B
Correct Option:
25%

About This Question

This is Post Utme Elizade University 2022 Economics Question 4. It is one of the objective questions from the 2022 Post Utme Elizade University Economics examination.

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