Post Utme Achievers University 2022 Economics Question 13

Practice objective / multiple choice question 13 from the 2022 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2022 Economics Objective / Multiple Choice
Question 13 POST_UTME_ACHIEVERS_UNIVERSITY • 2022 • 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 given by the equation Qs = 2P - 50, find the equilibrium price and quantity.

Answer Options

Correct Answer A. 25, 75
B. 30, 70
C. 35, 65
D. 40, 60
Correct Answer
A
Correct Option:
25, 75

About This Question

This is Post Utme Achievers University 2022 Economics Question 13. It is one of the objective questions from the 2022 Post Utme Achievers University Economics examination.

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