Post Utme Igbinedion University 2018 Economics Question 17

Practice objective / multiple choice question 17 from the 2018 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2018 Economics Objective / Multiple Choice

Question 17 POST_UTME_IGBINEDION_UNIVERSITY • 2018 • ECONOMICS • objective

The demand and supply curves for a particular good are given by D(p) = 100 - 2p and S(p) = 50 + p respectively. What is the equilibrium price and quantity of the good?

Answer Options

Correct Answer A. p = 25, q = 75

B. p = 50, q = 100

C. p = 75, q = 125

D. p = 100, q = 150

Correct Answer

Correct Option:

p = 25, q = 75

About This Question

This is Post Utme Igbinedion University 2018 Economics Question 17. It is one of the objective questions from the 2018 Post Utme Igbinedion University Economics examination.

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