Post Utme Osustech 2023 Economics Question 23

Practice objective / multiple choice question 23 from the 2023 Post Utme Osustech Economics examination.

Post Utme Osustech 2023 Economics Objective / Multiple Choice
Question 23 POST_UTME_OSUSTECH • 2023 • ECONOMICS • objective

A firm's supply function is given by \( Q = 2P - 10 \). If the price of the good is ₦15, find the elasticity of supply.

Answer Options

A. 0.5
Correct Answer B. 1
C. 2
D. 3
Correct Answer
B
Correct Option:
1

About This Question

This is Post Utme Osustech 2023 Economics Question 23. It is one of the objective questions from the 2023 Post Utme Osustech 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