If P = 1/4(Qs + 10). What is the quantity supplied at N14?

Assessment: JAMB UTME - Economics - 2013 Subject: Economics

Question 1 Report

If P = 1/4(Qs + 10). What is the quantity supplied at N14?
Answer Details
The equation given is P = 1/4(Qs + 10), where P represents the price and Qs represents the quantity supplied. To find the quantity supplied at N14, we need to substitute P = 14 into the equation and solve for Qs. P = 1/4(Qs + 10) (Substitute P = 14) 14 = 1/4(Qs + 10) (Multiply both sides by 4 to isolate Qs) 56 = Qs + 10 (Subtract 10 from both sides) 46 = Qs Therefore, the quantity supplied at N14 is 46. This means that at a price of 14, suppliers are willing and able to supply 46 units of the product.

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning