Post Utme Lead City University 2023 Economics Question 5

Practice objective / multiple choice question 5 from the 2023 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2023 Economics Objective / Multiple Choice

Question 5 POST_UTME_LEAD_CITY_UNIVERSITY • 2023 • ECONOMICS • objective

A country's export supply function is given by X = 100 + 2P - 3Y. If the price of the exported good is P = 20 and the country's income is Y = 100, what is the quantity of exports supplied?

Answer Options

Correct Answer A. \( X = 100 + 2\( 20 \ \) - 3(100) )

B. \( X = 100 + 2\( 100 \ \) - 3(20) )

C. \( X = 100 + 3\( 20 \ \) - 2(100) )

D. \( X = 100 + 3\( 100 \ \) - 2(20) )

Correct Answer

Correct Option:

\( X = 100 + 2\( 20 \ \) - 3(100) )

About This Question

This is Post Utme Lead City University 2023 Economics Question 5. It is one of the objective questions from the 2023 Post Utme Lead City University Economics examination.

View More Post Utme Lead City University 2023 Economics Questions More Post Utme Lead City University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support