JAMB Economics 2014 Objective — Question 13
Question 13 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2014 Objective paper, with the correct answer and a full explanation.
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Given the supply function P=¼(Qs+10) when P=#10, what is Qs?
- A. 30Correct
- B. 20
- C. 15
- D. 50
Explanation
4P=Qs+10 ⟹ 4(10)=Qs+10 ⟹ Qs=40−10=30.
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