Post Utme Oau 2023 Economics Question 27

Practice objective / multiple choice question 27 from the 2023 Post Utme Oau Economics examination.

Post Utme Oau 2023 Economics Objective / Multiple Choice
Question 27 POST_UTME_OAU • 2023 • ECONOMICS • objective

The supply of a good is given by the equation Q = 50 + 2P, where Q is the quantity supplied and P is the price. If the price increases from ₦10 to ₦15, what is the percentage change in quantity supplied?

Answer Options

A. 10%
Correct Answer B. 20%
C. 30%
D. 40%
Correct Answer
B
Correct Option:
20%

About This Question

This is Post Utme Oau 2023 Economics Question 27. It is one of the objective questions from the 2023 Post Utme Oau Economics examination.

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