Post Utme Afe Babalola University 2025 Economics Question 11

Practice objective / multiple choice question 11 from the 2025 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2025 Economics Objective / Multiple Choice
Question 11 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2025 • ECONOMICS • objective

Determine the equilibrium price and quantity of a commodity when the demand function is given by Qd = 100 - 2P and the supply function is given by Qs = 2P - 10.

Answer Options

A. ₦50
Correct Answer B. ₦75
C. ₦100
D. ₦125
Correct Answer
B
Correct Option:
₦75

About This Question

This is Post Utme Afe Babalola University 2025 Economics Question 11. It is one of the objective questions from the 2025 Post Utme Afe Babalola University Economics examination.

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