Post Utme Achievers University 2019 Economics Question 26

Practice objective / multiple choice question 26 from the 2019 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2019 Economics Objective / Multiple Choice
Question 26 POST_UTME_ACHIEVERS_UNIVERSITY • 2019 • ECONOMICS • objective

A firm's demand curve is given by Qd = 100 - 2P and the supply curve is given by Qs = 2P - 100. What is the equilibrium price and quantity?

Answer Options

Correct Answer A. P = 50, Q = 50
B. P = 75, Q = 25
C. P = 25, Q = 75
D. P = 100, Q = 0
Correct Answer
A
Correct Option:
P = 50, Q = 50

About This Question

This is Post Utme Achievers University 2019 Economics Question 26. It is one of the objective questions from the 2019 Post Utme Achievers University Economics examination.

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