Post Utme Delsu 2024 Economics Question 14

Practice objective / multiple choice question 14 from the 2024 Post Utme Delsu Economics examination.

Post Utme Delsu 2024 Economics Objective / Multiple Choice

Question 14 POST_UTME_DELSU • 2024 • ECONOMICS • objective

A firm's supply curve is given by Q = 2P + 10. The firm's demand curve is given by Q = 100 - 2P. Find the equilibrium price and quantity.

A. P = 20, Q = 30

Correct Answer B. P = 25, Q = 35

C. P = 30, Q = 40

D. P = 35, Q = 45

Correct Answer

Correct Option:

P = 25, Q = 35

This is Post Utme Delsu 2024 Economics Question 14. It is one of the objective questions from the 2024 Post Utme Delsu Economics examination.

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