Post Utme Aaua 2021 Economics Question 6

Practice objective / multiple choice question 6 from the 2021 Post Utme Aaua Economics examination.

Post Utme Aaua 2021 Economics Objective / Multiple Choice
Question 6 POST_UTME_AAUA • 2021 • ECONOMICS • objective

A firm's demand curve is given by Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. The supply curve is given by Qs = 2P - 50. Find the equilibrium price and quantity.

Answer Options

A. ₦50
Correct Answer B. ₦75
C. ₦100
D. ₦125
Correct Answer
B
Correct Option:
₦75

About This Question

This is Post Utme Aaua 2021 Economics Question 6. It is one of the objective questions from the 2021 Post Utme Aaua Economics examination.

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