Post Utme Coal City University 2023 Economics Question 37

Practice objective / multiple choice question 37 from the 2023 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2023 Economics Objective / Multiple Choice

Question 37 POST_UTME_COAL_CITY_UNIVERSITY • 2023 • ECONOMICS • objective

The demand for a commodity is given by \( Q = 100 - 2P \) and the supply is given by \( Q = 2P - 10 \). Find the equilibrium price and quantity.

Answer Options

Correct Answer A. P = 20, Q = 30

B. P = 30, Q = 20

C. P = 40, Q = 10

D. P = 50, Q = 0

Correct Answer

Correct Option:

P = 20, Q = 30

About This Question

This is Post Utme Coal City University 2023 Economics Question 37. It is one of the objective questions from the 2023 Post Utme Coal City University Economics examination.

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