Post Utme Igbinedion University 2024 Economics Question 4

Practice objective / multiple choice question 4 from the 2024 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2024 Economics Objective / Multiple Choice

Question 4 POST_UTME_IGBINEDION_UNIVERSITY • 2024 • ECONOMICS • objective

Post Utme Igbinedion University 2024 Economics Question 4 diagram

The following table shows the demand and supply curves for a good. What is the equilibrium price and quantity of the good?

Answer Options

A. P = 10, Q = 20

Correct Answer B. P = 15, Q = 30

C. P = 20, Q = 40

D. P = 25, Q = 50

Correct Answer

Correct Option:

P = 15, Q = 30

About This Question

This is Post Utme Igbinedion University 2024 Economics Question 4. It is one of the objective questions from the 2024 Post Utme Igbinedion University Economics examination.

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