Post Utme Coal City University 2021 Economics Question 32

Practice objective / multiple choice question 32 from the 2021 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2021 Economics Objective / Multiple Choice
Question 32 POST_UTME_COAL_CITY_UNIVERSITY • 2021 • ECONOMICS • objective

Suppose the demand for a product is given by Qd = 100 - 2P and the supply is given by Qs = 2P - 10. What is the equilibrium price and quantity?

Answer Options

A. P = 20, Q = 30
Correct Answer B. P = 15, Q = 25
C. P = 10, Q = 20
D. P = 5, Q = 15
Correct Answer
B
Correct Option:
P = 15, Q = 25

About This Question

This is Post Utme Coal City University 2021 Economics Question 32. It is one of the objective questions from the 2021 Post Utme Coal City University Economics examination.

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