Post Utme Aaua 2023 Economics Question 18

Practice objective / multiple choice question 18 from the 2023 Post Utme Aaua Economics examination.

Post Utme Aaua 2023 Economics Objective / Multiple Choice
Question 18 POST_UTME_AAUA • 2023 • ECONOMICS • objective

A firm's demand curve is given by the equation Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. If the firm's supply curve is Qs = 50 + 3P, find the equilibrium price and quantity.

Answer Options

A. ₦20, 60
B. ₦30, 70
Correct Answer C. ₦40, 80
D. ₦50, 90
Correct Answer
C
Correct Option:
₦40, 80

About This Question

This is Post Utme Aaua 2023 Economics Question 18. It is one of the objective questions from the 2023 Post Utme Aaua Economics examination.

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