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The quantity supplied of a book per week is represented by the function: Qs +...

Economics
WAEC 2000

The quantity supplied of a book per week is represented by the function: Qs + 70 + 1/2 P, At a price of N8.00, the quantity supplied is

  • A. 70
  • B. 74
  • C. 76
  • D. 86
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Correct Answer: Option B
Explanation

Qs + 70 + 1/2 P, 

when price is 8
Qs = 70 + (1/2 x 8)
Qs = 70 + 4
Qs = 74
 

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now