Post Utme Futo 2019 Economics Question 34

Practice objective / multiple choice question 34 from the 2019 Post Utme Futo Economics examination.

Post Utme Futo 2019 Economics Objective / Multiple Choice
Question 34 POST_UTME_FUTO • 2019 • ECONOMICS • objective

The demand for a product is given by the equation \( Q_d = 100 - 2P \) and the supply is given by the equation \( Q_s = 2P \). Find the equilibrium price and quantity.

Answer Options

A. (20, 40)
Correct Answer B. (30, 60)
C. (40, 80)
D. (50, 100)
Correct Answer
B
Correct Option:
(30, 60)

About This Question

This is Post Utme Futo 2019 Economics Question 34. It is one of the objective questions from the 2019 Post Utme Futo Economics examination.

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