Post Utme Futo 2018 Economics Question 20

Practice objective / multiple choice question 20 from the 2018 Post Utme Futo Economics examination.

Post Utme Futo 2018 Economics Objective / Multiple Choice
Question 20 POST_UTME_FUTO • 2018 • ECONOMICS • objective

A country's demand for a good is given by Qd = 100 - 2P and supply is given by Qs = 2P. If the price of the good is ₦50, what is the equilibrium quantity?

Answer Options

A. 50 units
Correct Answer B. 100 units
C. 150 units
D. 200 units
Correct Answer
B
Correct Option:
100 units

About This Question

This is Post Utme Futo 2018 Economics Question 20. It is one of the objective questions from the 2018 Post Utme Futo Economics examination.

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