JAMB - Economics (2013 - No. 1)
If P = \(\frac{1}{4}\)(Qs + 10). What is the quantity supplied at N14?
14
60
46
32
Explanation
P = \(\frac{1}{4}\)(Qs + 10)
14 = \(\frac{\text{Qs + 10}}{4}\)
56 = Qs + 10
56 - 10 = Qs
Qs = 46
14 = \(\frac{\text{Qs + 10}}{4}\)
56 = Qs + 10
56 - 10 = Qs
Qs = 46
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