Post Utme Covenant University 2024 Economics Question 37

Practice objective / multiple choice question 37 from the 2024 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2024 Economics Objective / Multiple Choice
Question 37 POST_UTME_COVENANT_UNIVERSITY • 2024 • ECONOMICS • objective

The demand for a product is given by Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. The supply of the product is given by Qs = 2P - 100. What is the equilibrium price and quantity?

Answer Options

Correct Answer A. 50, 150
B. 75, 125
C. 100, 100
D. 125, 75
Correct Answer
A
Correct Option:
50, 150

About This Question

This is Post Utme Covenant University 2024 Economics Question 37. It is one of the objective questions from the 2024 Post Utme Covenant University Economics examination.

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