Post Utme Pan Atlantic University 2018 Economics Question 23

Practice objective / multiple choice question 23 from the 2018 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2018 Economics Objective / Multiple Choice
Question 23 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2018 • ECONOMICS • objective

The supply curve for a product is given by the equation Qs = 100 + 2P, where Qs is the quantity supplied and P is the price. If the price elasticity of supply is 2, what is the price at which the quantity supplied is 120?

Answer Options

A. ₦20
B. ₦30
C. ₦40
Correct Answer D. ₦50
Correct Answer
D
Correct Option:
₦50

About This Question

This is Post Utme Pan Atlantic University 2018 Economics Question 23. It is one of the objective questions from the 2018 Post Utme Pan Atlantic University 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