Post Utme Elizade University 2018 Economics Question 22

Practice objective / multiple choice question 22 from the 2018 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2018 Economics Objective / Multiple Choice
Question 22 POST_UTME_ELIZADE_UNIVERSITY • 2018 • ECONOMICS • objective

A perfectly competitive market has a supply function given by \( Q_s = 2P - 100 \). If the market equilibrium price is ₦50, find the equilibrium quantity.

Answer Options

Correct Answer A. \( Q = 50 \)
B. \( Q = 100 \)
C. \( Q = 200 \)
D. \( Q = 300 \)
Correct Answer
A
Correct Option:
\( Q = 50 \)

About This Question

This is Post Utme Elizade University 2018 Economics Question 22. It is one of the objective questions from the 2018 Post Utme Elizade University Economics examination.

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