Post Utme Christopher University 2025 Economics Question 34

Practice objective / multiple choice question 34 from the 2025 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2025 Economics Objective / Multiple Choice
Question 34 POST_UTME_CHRISTOPHER_UNIVERSITY • 2025 • ECONOMICS • objective

Consider a perfectly competitive market with 5 firms, each producing a homogeneous product. If the market demand curve is given by Qd = 100 - 2P and the supply curve is given by Qs = 2P - 10, find the equilibrium price and quantity.

Answer Options

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

About This Question

This is Post Utme Christopher University 2025 Economics Question 34. It is one of the objective questions from the 2025 Post Utme Christopher University Economics examination.

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