Post Utme Bells University 2021 Economics Question 22

Practice objective / multiple choice question 22 from the 2021 Post Utme Bells University Economics examination.

Post Utme Bells University 2021 Economics Objective / Multiple Choice
Question 22 POST_UTME_BELLS_UNIVERSITY • 2021 • ECONOMICS • objective

The demand for a product is given by the equation Q = 100 - 2P, where Q is the quantity demanded and P is the price. If the supply of the product is given by the equation Q = 2P - 100, what is the equilibrium price?

Answer Options

A. 30
Correct Answer B. 50
C. 70
D. 90
Correct Answer
B
Correct Option:
50

About This Question

This is Post Utme Bells University 2021 Economics Question 22. It is one of the objective questions from the 2021 Post Utme Bells University Economics examination.

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