Post Utme Covenant University 2024 Economics Question 24

Practice objective / multiple choice question 24 from the 2024 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2024 Economics Objective / Multiple Choice
Question 24 POST_UTME_COVENANT_UNIVERSITY • 2024 • ECONOMICS • objective

A firm's demand curve is given by \( Q = 100 - 2P \). If the firm's supply curve is given by \( Q = 2P - 50 \), what is the equilibrium price?

Answer Options

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

About This Question

This is Post Utme Covenant University 2024 Economics Question 24. It is one of the objective questions from the 2024 Post Utme Covenant University Economics examination.

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