WAEC Economics 2013 Objective — Question 44
Question 44 of 50 from the West African Examinations Council (WAEC) Economics 2013 Objective paper, with the correct answer and a full explanation.
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Given that Qd = 80-2p where Qd is quantity demanded and P is the price, what quantity would be demanded when the price (P) is $3?
- A. 86 units
- B. 80 units
- C. 76 units
- D. 74 unitsCorrect
Explanation
Substituting P=3 into Qd = 80-2p gives Qd = 80-2(3) = 74 units.
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