Post Utme Esut 2021 Economics Question 39

Practice objective / multiple choice question 39 from the 2021 Post Utme Esut Economics examination.

Post Utme Esut 2021 Economics Objective / Multiple Choice
Question 39 POST_UTME_ESUT • 2021 • ECONOMICS • objective

The demand for a product is given by the equation Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. The supply of the product is given by the equation Qs = 50 + 3P. What is the equilibrium price and quantity?

Answer Options

Correct Answer A. P = 20, Q = 60
B. P = 30, Q = 70
C. P = 40, Q = 80
D. P = 50, Q = 90
Correct Answer
A
Correct Option:
P = 20, Q = 60

About This Question

This is Post Utme Esut 2021 Economics Question 39. It is one of the objective questions from the 2021 Post Utme Esut Economics examination.

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