Post Utme Crawford University 2024 Economics Question 16

Practice objective / multiple choice question 16 from the 2024 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2024 Economics Objective / Multiple Choice
Question 16 POST_UTME_CRAWFORD_UNIVERSITY • 2024 • ECONOMICS • objective

Suppose the 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, what is the equilibrium quantity?

Answer Options

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

About This Question

This is Post Utme Crawford University 2024 Economics Question 16. It is one of the objective questions from the 2024 Post Utme Crawford University Economics examination.

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