Post Utme Eksu 2019 Economics Question 10

Practice objective / multiple choice question 10 from the 2019 Post Utme Eksu Economics examination.

Post Utme Eksu 2019 Economics Objective / Multiple Choice
Question 10 POST_UTME_EKSU • 2019 • ECONOMICS • objective

A firm's supply function is given by \( Q = 2P - 10 \). Find the equilibrium price and quantity when the demand function is \( Q = 100 - 2P \).

Answer Options

Correct Answer A. Price = $20, Quantity = 40
B. Price = $30, Quantity = 50
C. Price = $40, Quantity = 60
D. Price = $50, Quantity = 70
Correct Answer
A
Correct Option:
Price = $20, Quantity = 40

About This Question

This is Post Utme Eksu 2019 Economics Question 10. It is one of the objective questions from the 2019 Post Utme Eksu Economics examination.

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