Post Utme Esut 2018 Economics Question 10

Practice objective / multiple choice question 10 from the 2018 Post Utme Esut Economics examination.

Post Utme Esut 2018 Economics Objective / Multiple Choice
Question 10 POST_UTME_ESUT • 2018 • ECONOMICS • objective

The demand for a product is given by the equation P = 100 - 2Q, where P is the price and Q is the quantity demanded. The supply of the product is given by the equation P = 50 + Q. What is the equilibrium quantity?

Answer Options

Correct Answer A. 25
B. 50
C. 75
D. 100
Correct Answer
A
Correct Option:
25

About This Question

This is Post Utme Esut 2018 Economics Question 10. It is one of the objective questions from the 2018 Post Utme Esut Economics examination.

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