Post Utme Igbinedion University 2025 Economics Question 13

Practice objective / multiple choice question 13 from the 2025 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2025 Economics Objective / Multiple Choice

Question 13 POST_UTME_IGBINEDION_UNIVERSITY • 2025 • ECONOMICS • objective

The demand function for a product is given by \( Q = 100 - 2P \). If the supply function is \( Q = 2P - 10 \), find the equilibrium price and quantity.

Answer Options

Correct Answer A. P = 20, Q = 60

B. P = 30, Q = 70

C. P = 40, Q = 80

D. P = 50, Q = 90

Correct Answer

Correct Option:

P = 20, Q = 60

About This Question

This is Post Utme Igbinedion University 2025 Economics Question 13. It is one of the objective questions from the 2025 Post Utme Igbinedion University Economics examination.

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