Post Utme Coal City University 2020 Economics Question 23

Practice objective / multiple choice question 23 from the 2020 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2020 Economics Objective / Multiple Choice

Question 23 POST_UTME_COAL_CITY_UNIVERSITY • 2020 • ECONOMICS • objective

A perfectly competitive market has a supply curve given by Q = 2P + 10. If the demand curve is given by Q = 100 - 2P, what is the equilibrium price and quantity?

Answer Options

Correct Answer A. P = 20, Q = 60

B. P = 30, Q = 70

C. P = 40, Q = 80

D. P = 50, Q = 90

Correct Answer

Correct Option:

P = 20, Q = 60

About This Question

This is Post Utme Coal City University 2020 Economics Question 23. It is one of the objective questions from the 2020 Post Utme Coal City University Economics examination.

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