Post Utme Babcock University 2017 Economics Question 15

Practice objective / multiple choice question 15 from the 2017 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2017 Economics Objective / Multiple Choice
Question 15 POST_UTME_BABCOCK_UNIVERSITY • 2017 • ECONOMICS • objective

A firm's supply curve is given by Q = 2P - 100 and its demand curve is given by Q = 200 - 2P. Find the firm's consumer surplus at an equilibrium price of ₦100.

Answer Options

Correct Answer A. ₦5000
B. ₦6000
C. ₦7000
D. ₦8000
Correct Answer
A
Correct Option:
₦5000

About This Question

This is Post Utme Babcock University 2017 Economics Question 15. It is one of the objective questions from the 2017 Post Utme Babcock University Economics examination.

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