Given that the prices and quantities supplied in litres o...
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
Correct answer is B
Qs = 25 + 0.25p
= 25 + 0.25(30) = 25 + 7.5
= 32.5litres
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