Post Utme Esut 2025 Economics Question 27

Practice objective / multiple choice question 27 from the 2025 Post Utme Esut Economics examination.

Post Utme Esut 2025 Economics Objective / Multiple Choice
Question 27 POST_UTME_ESUT • 2025 • ECONOMICS • objective

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

Answer Options

A. P = 50, Q = 100
Correct Answer B. P = 75, Q = 150
C. P = 100, Q = 200
D. P = 125, Q = 250
Correct Answer
B
Correct Option:
P = 75, Q = 150

About This Question

This is Post Utme Esut 2025 Economics Question 27. It is one of the objective questions from the 2025 Post Utme Esut Economics examination.

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