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JAMB Economics 2015 Paper
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© africaexams.com
Question : 70
Total: 70
Given that the prices and quantities supplied in litres of petrol is expressed as Qs = 25 + 0.25P. Qs is the quantity supplied and P is the price. Determine the quantity supplied when the price per liter is N30
50litres
32.5litres
30litres
35litres
Validate
Solution:
Qs = 25 + 0.25p
= 25 + 0.25(30) = 25 + 7.5
= 32.5litres
© africaexams.com
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