Post Utme Futo 2019 Economics Question 13

Practice objective / multiple choice question 13 from the 2019 Post Utme Futo Economics examination.

Post Utme Futo 2019 Economics Objective / Multiple Choice

Question 13 POST_UTME_FUTO • 2019 • ECONOMICS • objective

The demand for a good is given by the equation: Qd = 100 - 2P. The supply of the good is given by the equation: Qs = 2P. What is the equilibrium price and quantity of the good?

A. P = $20, Q = 60

Correct Answer B. P = $10, Q = 40

C. P = $5, Q = 30

D. P = $15, Q = 50

Correct Answer

Correct Option:

P = $10, Q = 40

This is Post Utme Futo 2019 Economics Question 13. It is one of the objective questions from the 2019 Post Utme Futo Economics examination.

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