Post Utme Unilorin 2017 Commerce Question 20

Practice objective / multiple choice question 20 from the 2017 Post Utme Unilorin Commerce examination.

Post Utme Unilorin 2017 Commerce Objective / Multiple Choice
Question 20 POST_UTME_UNILORIN • 2017 • COMMERCE • objective

A firm's supply function is given by Q = 2P^2 + 10P + 20, where Q is the quantity supplied and P is the price. If the price increases by 10%, by how much will the quantity supplied increase?

Answer Options

A. 5%
Correct Answer B. 10%
C. 15%
D. 20%
Correct Answer
B
Correct Option:
10%

About This Question

This is Post Utme Unilorin 2017 Commerce Question 20. It is one of the objective questions from the 2017 Post Utme Unilorin Commerce examination.

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