Post Utme Aaua 2023 Economics Question 6

Practice objective / multiple choice question 6 from the 2023 Post Utme Aaua Economics examination.

Post Utme Aaua 2023 Economics Objective / Multiple Choice
Question 6 POST_UTME_AAUA • 2023 • ECONOMICS • objective

Suppose the demand for a commodity is given by the equation Qd = 100 - 2P and the supply is given by Qs = 2P - 10. If the equilibrium price is 15, what is the equilibrium quantity?

Answer Options

A. 20
Correct Answer B. 30
C. 40
D. 50
Correct Answer
B
Correct Option:
30

About This Question

This is Post Utme Aaua 2023 Economics Question 6. It is one of the objective questions from the 2023 Post Utme Aaua Economics examination.

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