Post Utme Bells University 2022 Economics Question 13

Practice objective / multiple choice question 13 from the 2022 Post Utme Bells University Economics examination.

Post Utme Bells University 2022 Economics Objective / Multiple Choice

Question 13 POST_UTME_BELLS_UNIVERSITY • 2022 • ECONOMICS • objective

Suppose the demand for a product is given by \( Q_d = 100 - 2P \) and the supply is given by \( Q_s = 2P - 10 \). What is the equilibrium price and quantity?

Answer Options

A. P = 20, Q = 30

Correct Answer B. P = 30, Q = 40

C. P = 40, Q = 50

D. P = 50, Q = 60

Correct Answer

Correct Option:

P = 30, Q = 40

About This Question

This is Post Utme Bells University 2022 Economics Question 13. It is one of the objective questions from the 2022 Post Utme Bells University Economics examination.

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