The supply of rice in tons is given by the equation:
The supply of rice in tons is given by the equation:
Qs -80 - 0.7 = 0.
Where Qs = Quantity supplied
P = price in naira.
Find Qs, when P = N40
108tons
52tons
-52tons
-108tons
Correct answer is A
Qs = - 80 - 0.7p
(minus x minus = +)
Qs = 80 + 0.7(40)
Qs= 80 + 28
Qs= 108
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