Post Utme Esut 2020 Economics Question 10

Practice objective / multiple choice question 10 from the 2020 Post Utme Esut Economics examination.

Post Utme Esut 2020 Economics Objective / Multiple Choice
Question 10 POST_UTME_ESUT • 2020 • ECONOMICS • objective

A firm's demand function is given by D(p) = 100 - 2p, where p is the price of the good. If the firm's supply function is S(p) = 2p + 5, find the equilibrium price and quantity.

Answer Options

Correct Answer A. (10, 50)
B. (15, 25)
C. (20, 10)
D. (25, 5)
Correct Answer
A
Correct Option:
(10, 50)

About This Question

This is Post Utme Esut 2020 Economics Question 10. It is one of the objective questions from the 2020 Post Utme Esut Economics examination.

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