Post Utme Futo 2020 Economics Question 3

Practice objective / multiple choice question 3 from the 2020 Post Utme Futo Economics examination.

Post Utme Futo 2020 Economics Objective / Multiple Choice
Question 3 POST_UTME_FUTO • 2020 • ECONOMICS • objective
Post Utme Futo 2020 Economics Question 3 diagram

The following diagram shows the supply and demand curves for a product. What is the equilibrium price and quantity?

Answer Options

Correct Answer A. Price = ₦100, Quantity = 50
B. Price = ₦150, Quantity = 30
C. Price = ₦200, Quantity = 20
D. Price = ₦250, Quantity = 10
Correct Answer
A
Correct Option:
Price = ₦100, Quantity = 50

About This Question

This is Post Utme Futo 2020 Economics Question 3. It is one of the objective questions from the 2020 Post Utme Futo Economics examination.

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