Post Utme Elizade University 2023 Economics Question 11

Practice objective / multiple choice question 11 from the 2023 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2023 Economics Objective / Multiple Choice
Question 11 POST_UTME_ELIZADE_UNIVERSITY • 2023 • ECONOMICS • objective

A firm's demand curve is given by Q = 100 - 2P, and its supply curve is given by Q = 2P - 100. What is the equilibrium price and quantity?

Answer Options

A. ₦50, 50 units
Correct Answer B. ₦75, 25 units
C. ₦100, 0 units
D. ₦200, 100 units
Correct Answer
B
Correct Option:
₦75, 25 units

About This Question

This is Post Utme Elizade University 2023 Economics Question 11. It is one of the objective questions from the 2023 Post Utme Elizade University Economics examination.

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