Post Utme Redeemers University 2021 Economics Question 13

Practice objective / multiple choice question 13 from the 2021 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2021 Economics Objective / Multiple Choice
Question 13 POST_UTME_REDEEMERS_UNIVERSITY • 2021 • ECONOMICS • objective

The supply of a product 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 2, find the price at which the quantity supplied is 80.

Answer Options

A. ₦60
B. ₦70
Correct Answer C. ₦80
D. ₦90
Correct Answer
C
Correct Option:
₦80

About This Question

This is Post Utme Redeemers University 2021 Economics Question 13. It is one of the objective questions from the 2021 Post Utme Redeemers University Economics examination.

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