Post Utme Eksu 2019 Economics Question 15

Practice objective / multiple choice question 15 from the 2019 Post Utme Eksu Economics examination.

Post Utme Eksu 2019 Economics Objective / Multiple Choice
Question 15 POST_UTME_EKSU • 2019 • ECONOMICS • objective

A firm faces a demand curve given by Q = 100 - 2P and a supply curve given by Q = 2P. What is the equilibrium price?

Answer Options

A. ₦10
Correct Answer B. ₦20
C. ₦30
D. ₦40
Correct Answer
B
Correct Option:
₦20

About This Question

This is Post Utme Eksu 2019 Economics Question 15. It is one of the objective questions from the 2019 Post Utme Eksu Economics examination.

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