Post Utme Delsu 2020 Economics Question 30

Practice objective / multiple choice question 30 from the 2020 Post Utme Delsu Economics examination.

Post Utme Delsu 2020 Economics Objective / Multiple Choice
Question 30 POST_UTME_DELSU • 2020 • ECONOMICS • objective

A firm's demand curve is given by Qd = 100 - 2P, and its supply curve is given by Qs = 2P. What is the equilibrium price and quantity?

Answer Options

A. Price = $10, Quantity = 50 units
Correct Answer B. Price = $20, Quantity = 100 units
C. Price = $30, Quantity = 150 units
D. Price = $40, Quantity = 200 units
Correct Answer
B
Correct Option:
Price = $20, Quantity = 100 units

About This Question

This is Post Utme Delsu 2020 Economics Question 30. It is one of the objective questions from the 2020 Post Utme Delsu Economics examination.

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