Post Utme Bowen University 2025 Economics Question 28

Practice objective / multiple choice question 28 from the 2025 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2025 Economics Objective / Multiple Choice

Question 28 POST_UTME_BOWEN_UNIVERSITY • 2025 • ECONOMICS • objective

The demand function for a product is given by p = 100 - 2x. If the supply function is given by p = 20 + 3x, find the equilibrium price and quantity.

Answer Options

A. p = 40, x = 10

Correct Answer B. p = 60, x = 15

C. p = 80, x = 20

D. p = 100, x = 25

Correct Answer

Correct Option:

p = 60, x = 15

About This Question

This is Post Utme Bowen University 2025 Economics Question 28. It is one of the objective questions from the 2025 Post Utme Bowen University Economics examination.

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