Post Utme Afe Babalola University 2019 Economics Question 5

Practice objective / multiple choice question 5 from the 2019 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2019 Economics Objective / Multiple Choice

Question 5 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2019 • ECONOMICS • objective

Post Utme Afe Babalola University 2019 Economics Question 5 diagram

The following diagram shows the supply and demand curves for a particular good. What is the equilibrium price and quantity of this good?

Answer Options

A. P = 10, Q = 20

Correct Answer B. P = 15, Q = 30

C. P = 20, Q = 40

D. P = 25, Q = 50

Correct Answer

Correct Option:

P = 15, Q = 30

About This Question

This is Post Utme Afe Babalola University 2019 Economics Question 5. It is one of the objective questions from the 2019 Post Utme Afe Babalola University Economics examination.

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