Post Utme Osustech 2017 Commerce Question 10

Practice objective / multiple choice question 10 from the 2017 Post Utme Osustech Commerce examination.

Post Utme Osustech 2017 Commerce Objective / Multiple Choice
Question 10 POST_UTME_OSUSTECH • 2017 • COMMERCE • objective

A firm's supply function is given by Qs = 2P - 10. What is the price elasticity of supply?

Answer Options

Correct Answer A. PES = 1
B. PES = -1
C. PES = 2
D. PES = -2
Correct Answer
A
Correct Option:
PES = 1

About This Question

This is Post Utme Osustech 2017 Commerce Question 10. It is one of the objective questions from the 2017 Post Utme Osustech Commerce examination.

View More Post Utme Osustech 2017 Commerce Questions More Post Utme Osustech 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