Post Utme Caleb University 2022 Economics Question 38

Practice objective / multiple choice question 38 from the 2022 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2022 Economics Objective / Multiple Choice
Question 38 POST_UTME_CALEB_UNIVERSITY • 2022 • ECONOMICS • objective

A country's supply curve is given by the equation Q = 2P + 10, where Q is quantity supplied and P is price. If the country's demand curve is given by the equation Q = 100 - 2P, what is the equilibrium price?

Answer Options

A. 10
Correct Answer B. 20
C. 30
D. 40
Correct Answer
B
Correct Option:
20

About This Question

This is Post Utme Caleb University 2022 Economics Question 38. It is one of the objective questions from the 2022 Post Utme Caleb University Economics examination.

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