Post Utme Igbinedion University 2025 Commerce Question 3
Practice objective / multiple choice question 3 from the 2025 Post Utme Igbinedion University Commerce examination.
A consumer protection agency wants to regulate the prices of goods in a market. If the demand function for a product is given by Q = 1000 - 2P, where Q is the quantity demanded and P is the price, and the supply function is given by Q = 2P - 100, what is the equilibrium price?
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This is Post Utme Igbinedion University 2025 Commerce Question 3. It is one of the objective questions from the 2025 Post Utme Igbinedion University Commerce examination.
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