Post Utme Covenant University 2021 Economics Question 36

Practice objective / multiple choice question 36 from the 2021 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2021 Economics Objective / Multiple Choice
Question 36 POST_UTME_COVENANT_UNIVERSITY • 2021 • ECONOMICS • objective

Suppose the demand function for a commodity is given by Qd = 100 - 2P and the supply function is given by Qs = 2P - 10. If the market is in equilibrium, what is the price at which the market is in equilibrium?

Answer Options

A. ₦20
B. ₦30
Correct Answer C. ₦40
D. ₦50
Correct Answer
C
Correct Option:
₦40

About This Question

This is Post Utme Covenant University 2021 Economics Question 36. It is one of the objective questions from the 2021 Post Utme Covenant University Economics examination.

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