Economics WAEC

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

Correct Answer: Option B

B. 74

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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Tags: economics
6 years ago

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