WAEC Economics 2021 Objective — Question 16
Question 16 of 50 from the West African Examinations Council (WAEC) Economics 2021 Objective paper, with the correct answer and a full explanation.
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16. The supply of mangoes is represented as P=0.3Q, where P is the price and Q is the quantity. What is P when Q is 50?
- A. $1.50
- B. $15.00Correct
- C. $150.00
- D. $166.67
Explanation
Substituting Q=50: P = 0.3×50 = 15.
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