Post Utme Eksu 2025 Economics Question 37

Practice objective / multiple choice question 37 from the 2025 Post Utme Eksu Economics examination.

Post Utme Eksu 2025 Economics Objective / Multiple Choice
Question 37 POST_UTME_EKSU • 2025 • ECONOMICS • objective

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

Answer Options

A. Price: ₦50, Quantity: 50
B. Price: ₦75, Quantity: 75
Correct Answer C. Price: ₦100, Quantity: 100
D. Price: ₦125, Quantity: 125
Correct Answer
C
Correct Option:
Price: ₦100, Quantity: 100

About This Question

This is Post Utme Eksu 2025 Economics Question 37. It is one of the objective questions from the 2025 Post Utme Eksu Economics examination.

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