Post Utme Crawford University 2021 Economics Question 22

Practice objective / multiple choice question 22 from the 2021 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2021 Economics Objective / Multiple Choice
Question 22 POST_UTME_CRAWFORD_UNIVERSITY • 2021 • ECONOMICS • objective

The demand function for a product is given by \( Q = 100 - 2P \). If the supply function is \( Q = 2P - 10 \), what is the equilibrium price?

Answer Options

A. \( P = 5 \)
Correct Answer B. \( P = 10 \)
C. \( P = 15 \)
D. \( P = 20 \)
Correct Answer
B
Correct Option:
\( P = 10 \)

About This Question

This is Post Utme Crawford University 2021 Economics Question 22. It is one of the objective questions from the 2021 Post Utme Crawford University Economics examination.

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