Post Utme Crawford University 2025 Economics Question 8

Practice objective / multiple choice question 8 from the 2025 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2025 Economics Objective / Multiple Choice
Question 8 POST_UTME_CRAWFORD_UNIVERSITY • 2025 • ECONOMICS • objective

The demand for a good is given by the equation Qd = 100 - 2P and the supply is given by Qs = 2P - 50. What is the equilibrium price and quantity?

Answer Options

Correct Answer A. P = 25, Q = 75
B. P = 30, Q = 80
C. P = 35, Q = 85
D. P = 40, Q = 90
Correct Answer
A
Correct Option:
P = 25, Q = 75

About This Question

This is Post Utme Crawford University 2025 Economics Question 8. It is one of the objective questions from the 2025 Post Utme Crawford University Economics examination.

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