Post Utme Esut 2021 General Studies Question 10

Practice objective / multiple choice question 10 from the 2021 Post Utme Esut General Studies examination.

Post Utme Esut 2021 General Studies Objective / Multiple Choice
Question 10 POST_UTME_ESUT • 2021 • GENERAL STUDIES • objective

A diagram of a simple economic graph is shown below. If the demand curve is defined by the equation ( Q_d = 100 - 2P ) and the supply curve is defined by the equation ( Q_s = 2P - 100 ), what is the equilibrium price?

Answer Options

A. 20
B. 30
Correct Answer C. 40
D. 50
Correct Answer
C
Correct Option:
40

About This Question

This is Post Utme Esut 2021 General Studies Question 10. It is one of the objective questions from the 2021 Post Utme Esut General Studies examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support