Post Utme Futa 2022 Economics Question 13
Practice objective / multiple choice question 13 from the 2022 Post Utme Futa Economics examination.
The supply of 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 20%?
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About This Question
This is Post Utme Futa 2022 Economics Question 13. It is one of the objective questions from the 2022 Post Utme Futa Economics examination.
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