WAEC Economics 2014 Objective — Question 30

Question 30 of 50 from the West African Examinations Council (WAEC) Economics 2014 Objective paper, with the correct answer and a full explanation.

Due to an increase in price, a seller increases the quantity offered for sale from 400 units to 450 units. What is the percentage change in quantity supplied?

A. 1%
B. 7.5%
C. 12.5%Correct
D. 20%

Explanation

Percentage change = (new quantity−old quantity)/old quantity × 100 = (450−400)/400 × 100 = 12.5%.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Economics 2014 Objective More Economics past papers