Post Utme Futa 2020 Economics Question 18

Practice objective / multiple choice question 18 from the 2020 Post Utme Futa Economics examination.

Post Utme Futa 2020 Economics Objective / Multiple Choice
Question 18 POST_UTME_FUTA • 2020 • ECONOMICS • objective

A firm's demand curve is given by the equation Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. If the firm's supply curve is given by the equation Qs = 2P - 10, 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 Futa 2020 Economics Question 18. It is one of the objective questions from the 2020 Post Utme Futa Economics examination.

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