Post Utme Christopher University 2022 Economics Question 27

Practice objective / multiple choice question 27 from the 2022 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2022 Economics Objective / Multiple Choice
Question 27 POST_UTME_CHRISTOPHER_UNIVERSITY • 2022 • ECONOMICS • objective

A country's demand for a product is given by the demand function Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. If the supply function is given by Qs = 2P - 100, find the equilibrium price and quantity.

Answer Options

Correct Answer A. 50, 50
B. 75, 25
C. 100, 0
D. 200, -50
Correct Answer
A
Correct Option:
50, 50

About This Question

This is Post Utme Christopher University 2022 Economics Question 27. It is one of the objective questions from the 2022 Post Utme Christopher University Economics examination.

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