Post Utme Esut 2025 Economics Question 8

Practice objective / multiple choice question 8 from the 2025 Post Utme Esut Economics examination.

Post Utme Esut 2025 Economics Objective / Multiple Choice

Question 8 POST_UTME_ESUT • 2025 • ECONOMICS • objective

A firm's demand function is given by Q = 100 - 2P, and its supply function is given by Q = 2P - 50. What is the equilibrium price and quantity?

A. P = ₦20, Q = 50

Correct Answer B. P = ₦30, Q = 70

C. P = ₦40, Q = 90

D. P = ₦50, Q = 110

Correct Answer

Correct Option:

P = ₦30, Q = 70

This is Post Utme Esut 2025 Economics Question 8. It is one of the objective questions from the 2025 Post Utme Esut Economics examination.

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