Post Utme Bsu 2021 Economics Question 4

Practice objective / multiple choice question 4 from the 2021 Post Utme Bsu Economics examination.

Post Utme Bsu 2021 Economics Objective / Multiple Choice
Question 4 POST_UTME_BSU • 2021 • ECONOMICS • objective

A firm faces the following demand and supply functions: Q_D = 100 - 2P and Q_S = 20 + 3P. U\sing the supply and demand framework, determine the equilibrium price and quantity.

Answer Options

Correct Answer A. (₦20, 80)
B. (₦30, 70)
C. (₦40, 60)
D. (₦50, 50)
Correct Answer
A
Correct Option:
(₦20, 80)

About This Question

This is Post Utme Bsu 2021 Economics Question 4. It is one of the objective questions from the 2021 Post Utme Bsu Economics examination.

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