Post Utme Abu 2020 Economics Question 8

Practice objective / multiple choice question 8 from the 2020 Post Utme Abu Economics examination.

Post Utme Abu 2020 Economics Objective / Multiple Choice
Question 8 POST_UTME_ABU • 2020 • ECONOMICS • objective

The demand for a product is given by Qd = 100 - 2P and the supply is given by Qs = 2P - 10. What is the equilibrium price and quantity?

Answer Options

Correct Answer A. P = 20, Q = 30
B. P = 30, Q = 20
C. P = 40, Q = 10
D. P = 50, Q = 0
Correct Answer
A
Correct Option:
P = 20, Q = 30

About This Question

This is Post Utme Abu 2020 Economics Question 8. It is one of the objective questions from the 2020 Post Utme Abu Economics examination.

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