Post Utme Greenfield University 2024 Economics Question 24

Practice objective / multiple choice question 24 from the 2024 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2024 Economics Objective / Multiple Choice
Question 24 POST_UTME_GREENFIELD_UNIVERSITY • 2024 • ECONOMICS • objective

The supply curve for a commodity is given by the equation Q = 100 + 2P, where Q is the quantity supplied and P is the price. If the demand curve is given by the equation Q = 200 - 5P, what is the equilibrium price?

Answer Options

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

About This Question

This is Post Utme Greenfield University 2024 Economics Question 24. It is one of the objective questions from the 2024 Post Utme Greenfield University Economics examination.

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