Post Utme Bells University 2024 Economics Question 27

Practice objective / multiple choice question 27 from the 2024 Post Utme Bells University Economics examination.

Post Utme Bells University 2024 Economics Objective / Multiple Choice
Question 27 POST_UTME_BELLS_UNIVERSITY • 2024 • ECONOMICS • objective

The demand for a product is given by Qd = 100 - 2P and the supply is given by Qs = 2P. If the equilibrium price is 20, what is the consumer surplus?

Answer Options

A. ₦1,000
Correct Answer B. ₦2,000
C. ₦3,000
D. ₦4,000
Correct Answer
B
Correct Option:
₦2,000

About This Question

This is Post Utme Bells University 2024 Economics Question 27. It is one of the objective questions from the 2024 Post Utme Bells University Economics examination.

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