If P = \(\frac{1}{2}\)(Qs + 15). What is the quantity supplied at N9.00?

  • A 33.0
  • B 12.0
  • C 3.0
  • D 1.5
jamb 2007economics

The correct answer is C. 3.0

To find the quantity supplied at a price of N9.00, we can use the given equation:

\(P = \frac{1}{2}(Q_s + 15)\)

We need to substitute P = 9.00 and solve for \(Q_s\):

\(9.00 = \frac{1}{2}(Q_s + 15)\)

Now, let's solve for \(Q_s\):

\(18.00 = Q_s + 15\]\[Q_s = 18.00 - 15\)

\(Q_s = 3.00\)

So, the quantity supplied at a price of N9.00 is 3.0.

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