Economics WAEC

Let the quantity demanded in units of a particular commodity be represented as Qd = 80 – 2P, find the quantity demanded when P = ₦3.

A. 70
B. 47
C. 74
D. 40

Correct Answer: Option C

C. 74

Explanation

Qd = 80 – 2P
When P = 3
Qd = 80 – 2(3)
Qd = 80 – 6
Qd = 74

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Tags: economics
6 years ago

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