Post Utme Esut 2023 Economics Question 39

Practice objective / multiple choice question 39 from the 2023 Post Utme Esut Economics examination.

Post Utme Esut 2023 Economics Objective / Multiple Choice
Question 39 POST_UTME_ESUT • 2023 • ECONOMICS • objective

Determine the equilibrium price and quantity of a commodity in a market where the demand function is given by Qd = 100 - 2P and the supply function is given by Qs = 2P - 10.

Answer Options

A. ₦500, 150 units
B. ₦300, 100 units
C. ₦200, 50 units
Correct Answer D. ₦400, 200 units
Correct Answer
D
Correct Option:
₦400, 200 units

About This Question

This is Post Utme Esut 2023 Economics Question 39. It is one of the objective questions from the 2023 Post Utme Esut Economics examination.

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