Post Utme Pan Atlantic University 2024 Economics Question 36

Practice objective / multiple choice question 36 from the 2024 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2024 Economics Objective / Multiple Choice
Question 36 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2024 • ECONOMICS • objective

The supply of a commodity is given by the equation Qs = 50 + 2P, where Qs is the quantity supplied and P is the price. If the price elasticity of supply is 1.5, find the price at which the quantity supplied is 80 units.

Answer Options

A. ₦75
B. ₦100
C. ₦125
Correct Answer D. ₦150
Correct Answer
D
Correct Option:
₦150

About This Question

This is Post Utme Pan Atlantic University 2024 Economics Question 36. It is one of the objective questions from the 2024 Post Utme Pan Atlantic University Economics examination.

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