Post Utme Eksu 2025 Economics Question 33

Practice objective / multiple choice question 33 from the 2025 Post Utme Eksu Economics examination.

Post Utme Eksu 2025 Economics Objective / Multiple Choice
Question 33 POST_UTME_EKSU • 2025 • ECONOMICS • objective

The demand for a good is given by the equation \( Q_d = 100 - 2P \), where Q_d is the quantity demanded and P is the price of the good. If the supply of the good is given by the equation \( Q_s = 50 + 3P \), find the equilibrium price and quantity.

Answer Options

Correct Answer A. Equilibrium Price = ₦20, Equilibrium Quantity = 80
B. Equilibrium Price = ₦30, Equilibrium Quantity = 70
C. Equilibrium Price = ₦40, Equilibrium Quantity = 60
D. Equilibrium Price = ₦50, Equilibrium Quantity = 50
Correct Answer
A
Correct Option:
Equilibrium Price = ₦20, Equilibrium Quantity = 80

About This Question

This is Post Utme Eksu 2025 Economics Question 33. It is one of the objective questions from the 2025 Post Utme Eksu Economics examination.

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