Waec Model Questions Vol1 2022 Economics Question 7

Practice objective / multiple choice question 7 from the 2022 Waec Model Questions Vol1 Economics examination.

Waec Model Questions Vol1 2022 Economics Objective / Multiple Choice Easy Difficulty
Question 7 WAEC_MODEL_QUESTIONS_VOL1 • 2022 • ECONOMICS • objective

The market demand for a good is given by Qd = 500 - 2P and the market supply by Qs = 3P - 150, where Q is quantity and P is price in naira. Find the equilibrium price.

Answer Options

A. 150
Correct Answer B. 130
C. 140
D. 120
Correct Answer
B
Correct Option:
130

About This Question

This is Waec Model Questions Vol1 2022 Economics Question 7. It is one of the objective questions from the 2022 Waec Model Questions Vol1 Economics examination.

Difficulty level: Easy .

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