Post Utme Aaua 2023 Economics Question 10

Practice objective / multiple choice question 10 from the 2023 Post Utme Aaua Economics examination.

Post Utme Aaua 2023 Economics Objective / Multiple Choice
Question 10 POST_UTME_AAUA • 2023 • ECONOMICS • objective

A firm is considering a price increase due to a rise in production \costs. If the demand for the good is given by Qd = 100 - 2P, and the supply is given by Qs = 2P - 10, what is the new equilibrium price?

Answer Options

A. 10
B. 15
Correct Answer C. 20
D. 25
Correct Answer
C
Correct Option:
20

About This Question

This is Post Utme Aaua 2023 Economics Question 10. It is one of the objective questions from the 2023 Post Utme Aaua Economics examination.

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