Post Utme Aaua 2018 Economics Question 23

Practice objective / multiple choice question 23 from the 2018 Post Utme Aaua Economics examination.

Post Utme Aaua 2018 Economics Objective / Multiple Choice

Question 23 POST_UTME_AAUA • 2018 • ECONOMICS • objective

A firm's demand function is Q = 100 - 2P, and its supply function is Q = 2P - 10. Find the equilibrium price and quantity.

A. P = 20, Q = 40

Correct Answer B. P = 30, Q = 50

C. P = 40, Q = 60

D. P = 50, Q = 70

Correct Answer

Correct Option:

P = 30, Q = 50

This is Post Utme Aaua 2018 Economics Question 23. It is one of the objective questions from the 2018 Post Utme Aaua Economics examination.

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