Post Utme Al Hikmah University 2021 Economics Question 24
Practice objective / multiple choice question 24 from the 2021 Post Utme Al Hikmah University Economics examination.
A firm is facing an increase in demand for its product. The initial demand curve is given by Q = 100 - 2P, and the new demand curve is given by Q = 120 - 2P. If the firm's marginal \cost is cons\tant at ₦50, what is the new equilibrium price?
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About This Question
This is Post Utme Al Hikmah University 2021 Economics Question 24. It is one of the objective questions from the 2021 Post Utme Al Hikmah University Economics examination.
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