If P = 1/2(Qs + 15). What is the quantity supplied at N9.00?

Assessment: JAMB UTME - Economics - 2007 Subject: Economics

Question 1 Report

If P = 1/2(Qs + 15). What is the quantity supplied at N9.00?
Answer Details
The given equation is P = 1/2(Qs + 15). Here, P represents the price, and Qs represents the quantity supplied. To find the quantity supplied when the price is N9.00, we need to substitute P = 9 in the equation and solve for Qs. So, 9 = 1/2(Qs + 15) Multiplying both sides by 2, we get: 18 = Qs + 15 Subtracting 15 from both sides, we get: Qs = 3 Therefore, the quantity supplied at a price of N9.00 is 3.0.
Read lesson note on The Theory Of Production (JAMB)
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