Post Utme Christopher University 2018 Economics Question 11

Practice objective / multiple choice question 11 from the 2018 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2018 Economics Objective / Multiple Choice
Question 11 POST_UTME_CHRISTOPHER_UNIVERSITY • 2018 • ECONOMICS • objective

Suppose the demand for a commodity is given by the equation Qd = 100 - 2P and the supply is given by Qs = 2P - 10. Find the equilibrium price and quantity.

Answer Options

A. ₦50, 50 units
B. ₦75, 75 units
Correct Answer C. ₦100, 100 units
D. ₦125, 125 units
Correct Answer
C
Correct Option:
₦100, 100 units

About This Question

This is Post Utme Christopher University 2018 Economics Question 11. It is one of the objective questions from the 2018 Post Utme Christopher University Economics examination.

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