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JAMB Economics 2014 Paper

Question : 7

Total: 49

\frac{1}{4}

(Qs+10) when P = N10, what is Qs?

Solution:

P = $\frac{1}{4}$ (Qs+10) when P = N10, what is Qs?

P = $\frac{1}{4}$ Qs = 10

cross multiply

Qs = $\frac{1}{4} \times \frac{10}{1}$ = 40

When p = 10

Qs = 40 - 10 = 30

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