Post Utme Bowen University 2025 Economics Question 38

Practice objective / multiple choice question 38 from the 2025 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2025 Economics Objective / Multiple Choice
Question 38 POST_UTME_BOWEN_UNIVERSITY • 2025 • ECONOMICS • objective

A firm is facing a market structure where the demand curve is given by Qd = 100 - 2P, and the supply curve is given by Qs = 2P. What is the equilibrium price and quantity?

Answer Options

A. P = 20, Q = 60
Correct Answer B. P = 25, Q = 50
C. P = 30, Q = 40
D. P = 35, Q = 30
Correct Answer
B
Correct Option:
P = 25, Q = 50

About This Question

This is Post Utme Bowen University 2025 Economics Question 38. It is one of the objective questions from the 2025 Post Utme Bowen University Economics examination.

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