The quantity supplied of a book per week is represented by the function: Qs +
ECONOMICS
WAEC 2000
The quantity supplied of a book per week is represented by the function: Qs + 70 + 1/2 P, At a price of N8.00, the quantity supplied is
- A. 70
- B. 74
- C. 76
- D. 86
Correct Answer: B. 74
Explanation
Qs + 70 + 1/2 P,
when price is 8 Qs = 70 + (1/2 x 8) Qs = 70 + 4 Qs = 74
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