Post Utme Bells University 2018 Economics Question 31

Practice objective / multiple choice question 31 from the 2018 Post Utme Bells University Economics examination.

Post Utme Bells University 2018 Economics Objective / Multiple Choice
Question 31 POST_UTME_BELLS_UNIVERSITY • 2018 • ECONOMICS • objective

Suppose the demand function for a product is given by Qd = 100 - 2P and the supply function is given by Qs = 2P - 10. If the market is in equilibrium, what is the price of the product?

Answer Options

A. ₦20
Correct Answer B. ₦30
C. ₦40
D. ₦50
Correct Answer
B
Correct Option:
₦30

About This Question

This is Post Utme Bells University 2018 Economics Question 31. It is one of the objective questions from the 2018 Post Utme Bells University Economics examination.

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