Post Utme Covenant University 2024 Economics Question 11

Practice objective / multiple choice question 11 from the 2024 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2024 Economics Objective / Multiple Choice
Question 11 POST_UTME_COVENANT_UNIVERSITY • 2024 • ECONOMICS • objective

A monopolist's demand curve is given by Q = 100 - 2P, and the inverse supply curve is given by P = 10 + 0.5Q. Find the equilibrium price and quantity.

Answer Options

A. ₦50, 50
Correct Answer B. ₦75, 25
C. ₦100, 0
D. ₦200, 100
Correct Answer
B
Correct Option:
₦75, 25

About This Question

This is Post Utme Covenant University 2024 Economics Question 11. It is one of the objective questions from the 2024 Post Utme Covenant University Economics examination.

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