Post Utme Eksu 2020 Economics Question 30

Practice objective / multiple choice question 30 from the 2020 Post Utme Eksu Economics examination.

Post Utme Eksu 2020 Economics Objective / Multiple Choice
Question 30 POST_UTME_EKSU • 2020 • ECONOMICS • objective

A firm's demand function is given by Qd = 100 - 2P. If the firm's supply function is given by Qs = 2P - 10, what is the equilibrium price?

Answer Options

A. $20
Correct Answer B. $30
C. $40
D. $50
Correct Answer
B
Correct Option:
$30

About This Question

This is Post Utme Eksu 2020 Economics Question 30. It is one of the objective questions from the 2020 Post Utme Eksu Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support