Post Utme Bsu 2019 Economics Question 2

Practice objective / multiple choice question 2 from the 2019 Post Utme Bsu Economics examination.

Post Utme Bsu 2019 Economics Objective / Multiple Choice
Question 2 POST_UTME_BSU • 2019 • ECONOMICS • objective
Post Utme Bsu 2019 Economics Question 2 diagram

The demand function for a product is given by \( Q_d\( p \ \) = 100 - 2p ) and the supply function is given by \( Q_s\( p \ \) = 2p - 50 ). Find the equilibrium price and quantity.

Answer Options

Correct Answer A. p = 25, Q = 50
B. p = 50, Q = 100
C. p = 75, Q = 150
D. p = 100, Q = 200
Correct Answer
A
Correct Option:
p = 25, Q = 50

About This Question

This is Post Utme Bsu 2019 Economics Question 2. It is one of the objective questions from the 2019 Post Utme Bsu Economics examination.

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