Post Utme Delsu 2025 Economics Question 8

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

Post Utme Delsu 2025 Economics Objective / Multiple Choice
Question 8 POST_UTME_DELSU • 2025 • ECONOMICS • objective

The demand for a good is given by the equation Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. If the supply curve is given by the equation Qs = 2P - 50, where Qs is the quantity supplied, what is the equilibrium price and quantity?

Answer Options

A. P = 25, Q = 75
Correct Answer B. P = 50, Q = 100
C. P = 75, Q = 125
D. P = 100, Q = 150
Correct Answer
B
Correct Option:
P = 50, Q = 100

About This Question

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

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