Let the quantity demanded in units of a particular commodity be represented as Qd = 80 – 2P, find the quantity demanded when P = ₦3.
- 70
- 47
-
74
- 40
The correct answer is: C
Explanation
Qd = 80 - 2P
When P = 3
Qd = 80 - 2(3)
Qd = 80 - 6
Qd = 74