Post Utme Coal City University 2019 Economics Question 8

Practice objective / multiple choice question 8 from the 2019 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2019 Economics Objective / Multiple Choice

Question 8 POST_UTME_COAL_CITY_UNIVERSITY • 2019 • ECONOMICS • objective

The demand for a commodity is given by Qd = 100 - 2P and the supply is given by Qs = 2P - 50. Determine the equilibrium price and quantity.

Answer Options

Correct Answer A. P = 25, Q = 75

B. P = 50, Q = 100

C. P = 75, Q = 125

D. P = 100, Q = 150

Correct Answer

Correct Option:

P = 25, Q = 75

About This Question

This is Post Utme Coal City University 2019 Economics Question 8. It is one of the objective questions from the 2019 Post Utme Coal City University Economics examination.

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