Post Utme Babcock University 2018 Economics Question 21

Practice objective / multiple choice question 21 from the 2018 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2018 Economics Objective / Multiple Choice
Question 21 POST_UTME_BABCOCK_UNIVERSITY • 2018 • ECONOMICS • objective

Suppose the demand function for a commodity is given by Q = 100 - 2P and the supply function is given by Q = 2P + 10. Find the equilibrium price and quantity.

Answer Options

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

About This Question

This is Post Utme Babcock University 2018 Economics Question 21. It is one of the objective questions from the 2018 Post Utme Babcock University Economics examination.

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