Post Utme Pan Atlantic University 2023 Economics Question 17

Practice objective / multiple choice question 17 from the 2023 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2023 Economics Objective / Multiple Choice
Question 17 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2023 • ECONOMICS • objective

The supply of a commodity is given by the equation Qs = 2000 + 50P, where Qs is the quantity supplied and P is the price. If the price increases by 15%, calculate the percentage change in the quantity supplied.

Answer Options

A. 7.5%
B. 10%
Correct Answer C. 12.5%
D. 15%
Correct Answer
C
Correct Option:
12.5%

About This Question

This is Post Utme Pan Atlantic University 2023 Economics Question 17. It is one of the objective questions from the 2023 Post Utme Pan Atlantic University Economics examination.

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