JAMB Economics 2023 Objective — Question 37
Question 37 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2023 Objective paper, with the correct answer and a full explanation.
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Given Qs=5P−2 and Qd=19−(1/4)P, at what value of P will Qs = 23 units?
- A. (A) #4
- B. (B) #2
- C. (C) #6
- D. (D) #5Correct
Explanation
Setting Qs=23: 23=5P-2, so 5P=25, giving P=#5.
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