Post Utme Babcock University 2024 Economics Question 16

Practice objective / multiple choice question 16 from the 2024 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2024 Economics Objective / Multiple Choice
Question 16 POST_UTME_BABCOCK_UNIVERSITY • 2024 • ECONOMICS • objective

A firm is operating in a perfectly competitive market with a demand curve given by Qd = 100 - 2P and a supply curve given by Qs = 2P. Find the equilibrium price and quantity.

Answer Options

Correct Answer A. ₦50, 50 units
B. ₦75, 25 units
C. ₦100, 0 units
D. ₦200, 100 units
Correct Answer
A
Correct Option:
₦50, 50 units

About This Question

This is Post Utme Babcock University 2024 Economics Question 16. It is one of the objective questions from the 2024 Post Utme Babcock University Economics examination.

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