Post Utme Eksu 2024 Economics Question 18

Practice objective / multiple choice question 18 from the 2024 Post Utme Eksu Economics examination.

Post Utme Eksu 2024 Economics Objective / Multiple Choice

Question 18 POST_UTME_EKSU • 2024 • ECONOMICS • objective

The demand for a product is given by Qd = 100 - 2P and the supply is given by Qs = 2P - 10. What is the equilibrium price and quantity?

Correct Answer A. P = 15, Q = 25

B. P = 20, Q = 30

C. P = 25, Q = 35

D. P = 30, Q = 40

Correct Answer

Correct Option:

P = 15, Q = 25

This is Post Utme Eksu 2024 Economics Question 18. It is one of the objective questions from the 2024 Post Utme Eksu Economics examination.

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