Post Utme Covenant University 2024 Economics Question 35

Practice objective / multiple choice question 35 from the 2024 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2024 Economics Objective / Multiple Choice
Question 35 POST_UTME_COVENANT_UNIVERSITY • 2024 • ECONOMICS • objective

A firm's demand for a commodity is given by the equation Qd = 100 - 2P and the supply is given by Qs = 2P - 10. If the equilibrium price is 15, calculate the equilibrium quantity.

Answer Options

A. 50
Correct Answer B. 60
C. 70
D. 80
Correct Answer
B
Correct Option:
60

About This Question

This is Post Utme Covenant University 2024 Economics Question 35. It is one of the objective questions from the 2024 Post Utme Covenant University Economics examination.

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