Post Utme Eksu 2018 Economics Question 1

Practice objective / multiple choice question 1 from the 2018 Post Utme Eksu Economics examination.

Post Utme Eksu 2018 Economics Objective / Multiple Choice
Question 1 POST_UTME_EKSU • 2018 • ECONOMICS • objective

Suppose the demand function for a commodity is given by Q = 100 - 2P and the supply function is given by Q = 2P + 10. Find the equilibrium price and quantity.

Answer Options

A. ₦50, 60 units
Correct Answer B. ₦75, 50 units
C. ₦100, 40 units
D. ₦120, 30 units
Correct Answer
B
Correct Option:
₦75, 50 units

About This Question

This is Post Utme Eksu 2018 Economics Question 1. It is one of the objective questions from the 2018 Post Utme Eksu Economics examination.

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