Post Utme Wellspring University 2023 Economics Question 8

Practice objective / multiple choice question 8 from the 2023 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2023 Economics Objective / Multiple Choice
Question 8 POST_UTME_WELLSPRING_UNIVERSITY • 2023 • ECONOMICS • objective

A firm's supply curve is given by the equation Qs = 2P - 10, where Qs is the quantity supplied and P is the price. If the price elasticity of supply is 0.2, what is the price at which the quantity supplied is 20?

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 Wellspring University 2023 Economics Question 8. It is one of the objective questions from the 2023 Post Utme Wellspring University Economics examination.

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