Post Utme Bowen University 2019 Economics Question 25

Practice objective / multiple choice question 25 from the 2019 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2019 Economics Objective / Multiple Choice
Question 25 POST_UTME_BOWEN_UNIVERSITY • 2019 • ECONOMICS • objective

A market is in equilibrium when the quantity supplied equals the quantity demanded. If the supply function is given by Qs = 2P + 5 and the demand function is given by Qd = 100 - 2P, what is the equilibrium price?

Answer Options

A. 15
B. 20
Correct Answer C. 25
D. 30
Correct Answer
C
Correct Option:
25

About This Question

This is Post Utme Bowen University 2019 Economics Question 25. It is one of the objective questions from the 2019 Post Utme Bowen University Economics examination.

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