Post Utme Redeemers University 2017 Economics Question 28

Practice objective / multiple choice question 28 from the 2017 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2017 Economics Objective / Multiple Choice
Question 28 POST_UTME_REDEEMERS_UNIVERSITY • 2017 • ECONOMICS • objective

A perfectly competitive market has a supply function given by Qs = 50 + 2P, where Qs is the quantity supplied and P is the price. If the price is 20, what is the quantity supplied?

Answer Options

A. 70
B. 80
Correct Answer C. 90
D. 100
Correct Answer
C
Correct Option:
90

About This Question

This is Post Utme Redeemers University 2017 Economics Question 28. It is one of the objective questions from the 2017 Post Utme Redeemers University Economics examination.

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