Post Utme Covenant University 2017 Economics Question 26

Practice objective / multiple choice question 26 from the 2017 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2017 Economics Objective / Multiple Choice
Question 26 POST_UTME_COVENANT_UNIVERSITY • 2017 • ECONOMICS • objective

Suppose the demand for a product is given by the equation \( Q_d = 100 - 2P \) and the supply is given by \( Q_s = 2P - 10 \). Find the equilibrium price and quantity.

Answer Options

A. \( P = 15, Q = 25 \)
B. \( P = 20, Q = 30 \)
Correct Answer C. \( P = 25, Q = 35 \)
D. \( P = 30, Q = 40 \)
Correct Answer
C
Correct Option:
\( P = 25, Q = 35 \)

About This Question

This is Post Utme Covenant University 2017 Economics Question 26. It is one of the objective questions from the 2017 Post Utme Covenant University Economics examination.

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