Post Utme Futo 2025 Economics Question 28

Practice objective / multiple choice question 28 from the 2025 Post Utme Futo Economics examination.

Post Utme Futo 2025 Economics Objective / Multiple Choice
Question 28 POST_UTME_FUTO • 2025 • ECONOMICS • objective

A firm's demand function is given by Q = 100 - 2P, where Q is the quantity demanded and P is the price. If the firm's supply function is given by Q = 2P - 100, find the equilibrium price and quantity.

Answer Options

Correct Answer A. ₦50, Q = 50
B. ₦75, Q = 75
C. ₦100, Q = 100
D. ₦125, Q = 125
Correct Answer
A
Correct Option:
₦50, Q = 50

About This Question

This is Post Utme Futo 2025 Economics Question 28. It is one of the objective questions from the 2025 Post Utme Futo Economics examination.

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