Post Utme Christopher University 2024 Economics Question 18

Practice objective / multiple choice question 18 from the 2024 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2024 Economics Objective / Multiple Choice
Question 18 POST_UTME_CHRISTOPHER_UNIVERSITY • 2024 • ECONOMICS • objective

A firm's demand function is given by Q = 100 - 2P. If the firm's supply function is given by Q = 2P - 10, calculate the equilibrium price and quantity.

Answer Options

Correct Answer A. P = ₦20, Q = 60
B. P = ₦30, Q = 80
C. P = ₦40, Q = 100
D. P = ₦50, Q = 120
Correct Answer
A
Correct Option:
P = ₦20, Q = 60

About This Question

This is Post Utme Christopher University 2024 Economics Question 18. It is one of the objective questions from the 2024 Post Utme Christopher University Economics examination.

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