Post Utme Eksu 2018 Economics Question 32

Practice objective / multiple choice question 32 from the 2018 Post Utme Eksu Economics examination.

Post Utme Eksu 2018 Economics Objective / Multiple Choice
Question 32 POST_UTME_EKSU • 2018 • ECONOMICS • objective

A firm's demand function for a product is given by Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. If the firm's supply function is given by Qs = 2P - 100, what is the equilibrium price and quantity?

Answer Options

Correct Answer A. 50, 50
B. 75, 25
C. 100, 0
D. 200, -50
Correct Answer
A
Correct Option:
50, 50

About This Question

This is Post Utme Eksu 2018 Economics Question 32. It is one of the objective questions from the 2018 Post Utme Eksu Economics examination.

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