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If P = \(\frac{1}{4}\)(Qs + 10). What is the quantity supplied at N14?

Economics
JAMB 2013

If P = \(\frac{1}{4}\)(Qs + 10). What is the quantity supplied at N14?

  • A. 14
  • B. 60
  • C. 46
  • D. 32
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Correct Answer: Option C
Explanation

P = \(\frac{1}{4}\)(Qs + 10)
14 = \(\frac{\text{Qs + 10}}{4}\)
56 = Qs + 10
56 - 10 = Qs
Qs = 46

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