Post Utme Delsu 2020 Economics Question 23

Practice objective / multiple choice question 23 from the 2020 Post Utme Delsu Economics examination.

Post Utme Delsu 2020 Economics Objective / Multiple Choice
Question 23 POST_UTME_DELSU • 2020 • ECONOMICS • objective

Suppose the demand for a product is given by Qd = 100 - 2P and the supply is given by Qs = 2P - 10. What is the equilibrium price?

Answer Options

A. 5
Correct Answer B. 10
C. 15
D. 20
Correct Answer
B
Correct Option:
10

About This Question

This is Post Utme Delsu 2020 Economics Question 23. It is one of the objective questions from the 2020 Post Utme Delsu Economics examination.

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