Post Utme Ims U 2018 Economics Question 16

Practice objective / multiple choice question 16 from the 2018 Post Utme Ims U Economics examination.

Post Utme Ims U 2018 Economics Objective / Multiple Choice
Question 16 POST_UTME_IMS_U • 2018 • ECONOMICS • objective

Consider a market with a demand function \( Q_d = 100 - 2P \) and a supply function \( Q_s = 2P - 20 \). If the market is in equilibrium, what is the price at which this occurs?

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 Ims U 2018 Economics Question 16. It is one of the objective questions from the 2018 Post Utme Ims U Economics examination.

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