WAEC Economics 2016 Objective — Question 9
Question 9 of 50 from the West African Examinations Council (WAEC) Economics 2016 Objective paper, with the correct answer and a full explanation.
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9. If the quantity of men's hat demanded per week is represented by the function Qd = 20 - (1/3)P, where P is price, how many hats are demanded when the price is $9.00? (a) 11 (b) 17 (c) 23 (d) 47
- A. 11
- B. 17Correct
- C. 23
- D. 47
Explanation
Qd = 20 - (1/3)(9) = 20 - 3 = 17 units.
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