Post Utme Uniosun 2023 Economics Question 24

Practice objective / multiple choice question 24 from the 2023 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2023 Economics Objective / Multiple Choice
Question 24 POST_UTME_UNIOSUN • 2023 • ECONOMICS • objective

The supply function of a firm is given by Qs = 2P - 10, where Qs is the quantity supplied and P is the price. If the price is increased by 20%, what will be the new quantity supplied?

Answer Options

A. 10
B. 20
Correct Answer C. 30
D. 40
Correct Answer
C
Correct Option:
30

About This Question

This is Post Utme Uniosun 2023 Economics Question 24. It is one of the objective questions from the 2023 Post Utme Uniosun Economics examination.

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