Question 33EconomicsWAEC & JAMB

The demand for beans in bags is given by the function Q, 36 - 0.4P = Q. Where P is price in naira and Q is quantity, find Q when P = 20 naira.

A

12 bags

B

24 bags

C

28 bags

D

30 bags

Step-by-Step Explanation

Ans: C
Q = 36 - 0.4P
Substituting P which is 20, we get:
Q =36 - 0.4(20)
Q =36 - 8
Q = 28
Q = 28 Units

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