Post Utme Abu 2023 Economics Question 33

Practice objective / multiple choice question 33 from the 2023 Post Utme Abu Economics examination.

Post Utme Abu 2023 Economics Objective / Multiple Choice
Question 33 POST_UTME_ABU • 2023 • ECONOMICS • objective

The demand for a good is given by Qd = 100 - 2P and the supply is given by Qs = 2P - 50. What is the equilibrium price?

Answer Options

A. ₦25
Correct Answer B. ₦30
C. ₦35
D. ₦40
Correct Answer
B
Correct Option:
₦30

About This Question

This is Post Utme Abu 2023 Economics Question 33. It is one of the objective questions from the 2023 Post Utme Abu Economics examination.

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